Lululemon sinks on weaker outlook as revenue declines
TL;DR Summary
Lululemon shares fell after-hours after the company cut its fiscal 2026 guidance as revenue declined 4% in Q2 to $2.4 billion and comparable-store sales dropped 9%. The retailer now expects full-year net revenue of $10.35–$10.5 billion and adjusted EPS of $9.48–$9.73, citing challenging dynamics while preparing to install Heidi O’Neill as CEO; the softer outlook prompted the stock move.
- Lululemon sinks after cutting forecast as revenue declines Yahoo Finance
- Lululemon stock plunges 15% on disappointing earnings and outlook CNBC
- Lululemon Shares Drop After Hours on Weak Results WSJ
- Lululemon’s sales drop raises deeper concerns about the company’s turnaround MarketWatch
- Watch Lululemon Needs a Full Product Overhaul, Widlitz Says Bloomberg.com
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