Lululemon's Stock Plummets Amid Margin Concerns and Guidance Cuts
TL;DR
Lululemon warns that the end of the de minimis exemption and higher tariffs will significantly impact its margins, leading to a $240 million hit this year and causing the company to cut its earnings and revenue outlook.
- Lululemon Says Closure of De Minimis Hole Will Crush Margin Bloomberg.com
- Lululemon shares plunge as earnings guidance falls well short of estimates CNBC
- How Lululemon fell out of fashion economist.com
- Lululemon Stock Tanks on Yet Another Guidance Cut Barron's
- Lululemon says it has gotten ‘too predictable,’ as tariffs, outlook sink its stock MarketWatch
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