Lululemon Shares Plummet After Disappointing Earnings and Guidance Cut
Lululemon Athletica stock dropped nearly 18% after the company reported weaker-than-expected second-quarter results and significantly lowered its full-year revenue forecast. In response, several major Wall Street analysts downgraded the stock and reduced their price targets amid concerns over slowing demand.
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Lululemon Stock Has Plunged. Why It Faces a Long Road to Recovery. - Barron's
Lululemon Stock Has Plunged. Why It Faces a Long Road to Recovery. Barron's
Read full article →Lululemon’s Stock Sinks 18% After Q2 Earnings And Outlook Cut
Lululemon stock fell over 18% after the company lowered its full-year revenue and profit forecasts for the second time.
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Read full article →Lululemon Crashes After Another Brutal Guidance Cut; Jefferies Flags "Triple Whammy" Quarter
Lululemon Crashes After Another Brutal Guidance Cut; Jefferies Flags "Triple Whammy" Quarter Lululemon Athletica shares crashed in premarket trading in New York after the athletic-apparel retailer slashed its full-year outlook again, suggesting that demand in the Americas is deteriorating as Alo and other rivals gain market share. The move also puts mounting pressure on its incoming chief executive to revive the struggling brand. Lululemon expects full-year revenue of between $1...
By Tyler Durden
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