Lululemon lowered its full-year sales and earnings guidance due to undisclosed challenges, despite beating Wall Street expectations in its fiscal first quarter. The company now expects 2026 sales between $11 billion and $11.15 billion, down from prior estimates, and earnings per share between $10.95 and $11.15, below analyst forecasts. Current quarter outlook is weak, with sales and earnings expected below estimates. Interim CEO Meghan Frank cited headwinds and plans to reposition the business, while new CEO Heidi O'Neill, starting in September, is expected to lead strategic changes. Shares fell over 7% in after-hours trading amid concerns over ongoing challenges and reliance on discounts hurting the brand.
US stock futures showed mixed results with the Dow Jones up and the Nasdaq 100 and S&P 500 down following a mixed close on Thursday. President Trump indicated he might meet Iran's Supreme Leader if diplomacy progresses, signaling potential easing in ...
The Consumer Price Index (CPI) for May 2026 is forecasted to rise modestly between 0.1% and 0.5% month-over-month, reflecting stable energy prices as crude oil falls below $90 per barrel due to easing geopolitical tensions. This stability offsets pri...
Lululemon has lowered its full-year sales forecast due to ongoing challenges, causing its shares to drop in after-hours trading. Interim co-CEO Meghan Frank cited recent headwinds that have forced the company to be more cautious about its outlook. An...
Lululemon reported Q1 revenue of $2.5 billion, beating estimates, but issued a cautious Q2 sales forecast predicting a 2-3% decline. Full-year revenue guidance was also lowered to flat or slightly down compared to last year. The company cited ongoing...
U.S. stock futures showed mixed signals with S&P 500 futures down and Dow Jones up amid political tensions as the House passed a resolution limiting President Trump's military powers. Key stocks like Broadcom and CrowdStrike saw notable moves, with C...
