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 across major markets including North America and China. Despite a solid gross profit margin of 60.5%, higher expenses reduced operating income and net income per share declined. UBS analyst set a bearish price target of $106, signaling further downside risk for investors.
Major retailers like Dollar General, BJ's Wholesale Club, Lululemon, and Under Armour are reducing their product assortments to streamline inventory and improve profitability amid consumer spending cuts. These cuts help avoid excess markdowns and sta...
lululemon athletica inc. experienced a 2% year-over-year decline in comparable sales in China during Q2, mainly due to a public relations crisis and changes in the Tmall 618 shopping event. However, when excluding Tmall's impact, lululemon's other sa...
Lululemon Athletica has restructured its leadership by appointing Maggie Gauger as president and chief product officer and Joseph Godsey as chief operating officer, effective October 26. This move aims to improve product innovation and operational di...
lululemon reported disappointing Q2 2026 results with lower-than-expected revenue and sharply reduced full-year guidance, blaming negative media, weak new product launches, and lower store traffic. Following this, the stock price fell 17.38%, prompti...
Lululemon appointed Maggie Gauger, former Athleta CEO, as its new president and chief product officer in a newly created role, signaling a strategic focus on product innovation. This leadership change follows Heidi O'Neill's recent promotion to CEO a...
