Lululemon Shares Drop After Sales Outlook Cut

Lululemon's stock experienced a significant decline after the company cut its sales outlook, leading to a negative reaction from Wall Street investors. This guidance cut has deepened the bear market for Lululemon shares.

5 Jun, 10:55 — 5 Jun, 10:55

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zerohedgeLow65d ago

Lululemon Bear Market Deepens After Guidance Cut Spooks Wall Street

Lululemon Bear Market Deepens After Guidance Cut Spooks Wall Street Lululemon tumbled in New York premarket trading as its multi-year bear market deepened, with shares on track to revisit levels last seen since 2018 after a guidance cut. The struggling athleticwear company now expects full-year revenue of $11 billion to $11.15 billion, below the Bloomberg Consensus estimate of $11.49 billion, while its second-quarter sales and profit forecasts also missed the mark. Full Yea...

By Tyler Durden

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First report: zerohedge · 5 Jun, 10:55|Full coverage: 2 · 8h|Window: 8h

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zerohedge5 Jun, 10:55First to report

Lululemon Bear Market Deepens After Guidance Cut Spooks Wall Street

8h later

bloomberg5 Jun, 19:15Latest update

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Lululemon Shares Drop After Sales Outlook Cut

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Lululemon Bear Market Deepens After Guidance Cut Spooks Wall Street

Coverage Timeline

Lululemon Bear Market Deepens After Guidance Cut Spooks Wall Street

Wall Street Sours on Lululemon Shares After Sales Outlook Cut - Bloomberg.com

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