Lululemon's shares fell 17% after reporting a 4% revenue decline to $2.4 billion in Q2 and a 9% drop in comparable sales, missing estimates. The company cut its full-year 2026 revenue guidance to $10.35-$10.5 billion from $11.04 billion and lowered EPS forecasts. Weak sales in China were linked to social media backlash and poor event performance, while North American sales dropped 12%, with leggings down 20%. Bank of America downgraded its price target and expects further margin pressure due to store openings and marketing spend, though a new CEO may signal strategic changes soon.
Lululemon Athletica's shares fell about 18% after the company lowered its full-year financial forecast for the second time, reflecting ongoing challenges. In Q2 2026, total net revenue dropped 4% to $2.40 billion, with a 10% fall in comparable sales ...
Lululemon's stock fell 20% to $97.85 after the company cut its full-year earnings guidance for the second time in 2026, citing weaker demand and a slow start to Q3. The athletic apparel retailer reported a 10% drop in Q2 comparable sales, with leggin...
Lululemon Athletica's shares dropped sharply by 19.22% to $98.37, reaching their lowest level since 2018 after the company reported disappointing earnings and revenue guidance. The firm missed revenue estimates and forecasted lower sales for Q3 and t...
The US August nonfarm payrolls report is forecasted to show an increase of 55,000 jobs, a modest gain following July's decline of 23,000. However, economists warn the data may be influenced by one-time factors such as the loss of Temporary Protected ...
Lululemon has lowered its full-year sales and profit guidance again due to weak performance in China and rising competition in the U.S., expecting a 5-7% sales decline and lower earnings per share. Tesla has quietly launched its fully autonomous Cybe...
