#lululemontumbles20%onweakguidance
📉 LULU took a hard hit after a major forecast cut.
Lululemon shares fell about 20% in pre-market trading after weaker sales and sharply lowered annual guidance.
Second-quarter revenue declined 4% year over year to about $2.4 billion, while comparable sales dropped 9%. Revenue in North America also fell 8%.
But here’s the bigger concern: management now expects fiscal 2026 revenue of between $10.35 billion and $10.50 billion, down from its previous forecast of $11 billion to $11.15 billion. Earnings per share guidance was also cut to $9.48–$9.73.
And with a CEO transition on the horizon, investors now want to see whether
LULU can regain product momentum and customer trust.
A 20% drop is the headline. The guidance cut is the real story. 👀
Do you think this is a deeper weakness or the start of a possible rebound?
Please follow
$SNXX
$USELESS
$MARSCOIN
#BinanceSquare #LuLu #StockMarket #CryptoNews
📉 LULU took a hard hit after a major forecast cut.
Lululemon shares fell about 20% in pre-market trading after weaker sales and sharply lowered annual guidance.
Second-quarter revenue declined 4% year over year to about $2.4 billion, while comparable sales dropped 9%. Revenue in North America also fell 8%.
But here’s the bigger concern: management now expects fiscal 2026 revenue of between $10.35 billion and $10.50 billion, down from its previous forecast of $11 billion to $11.15 billion. Earnings per share guidance was also cut to $9.48–$9.73.
And with a CEO transition on the horizon, investors now want to see whether
LULU can regain product momentum and customer trust.
A 20% drop is the headline. The guidance cut is the real story. 👀
Do you think this is a deeper weakness or the start of a possible rebound?
Please follow
$SNXX
$USELESS
$MARSCOIN
#BinanceSquare #LuLu #StockMarket #CryptoNews
