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lululemon faces securities fraud probe after missing revenue targets and cutting guidance

Market News
17 Sep 2026
PRNewsWire
View Source
Bearish
lululemon faces securities fraud probe after missing revenue targets and cutting guidance

lululemon reported weaker-than-expected Q2 2026 results and lowered its full-year revenue and earnings outlook, citing negative media, poor new product launches, and reduced store traffic. Following the announcement, its stock dropped 17.38%. Pomerantz LLP has launched an investigation into whether lululemon and its executives engaged in securities fraud or other unlawful practices, potentially leading to a class action lawsuit by investors.

LULU (Lululemon Athletica Inc) trades at USD 96.16 on Pluang as of Sep 17, 2026 21:14 WIB, showing a slight 1-day increase of 0.19%. Despite the recent stock drop reported in the news, Pluang data shows a market cap of $10.63B and a 52-week low near current prices. Order activity on Pluang leans 63% Sell and 37% Buy, reflecting cautious investor sentiment.

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