Lululemon’s delayed leadership helps explain its stock slide

Yahoo Finance argues Lululemon’s stock decline stems from a bungled leadership transition: CEO Heidi O’Neill’s start date was pushed to Sept. 8, leaving interim co-CEOs to steer through inventory issues and missteps that have eroded market share to newer brands. The company posted weak Q2 results and slashed full-year guidance, forecasting a 10%–11% revenue drop and a 20% plunge in leggings sales, contributing to a roughly 20% drop on the day and a 42% decline this year as analysts warn a long turnaround may be needed.