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Lululemon cuts annual outlook and issues weak Q2 guidance, citing undisclosed ‘headwinds’
The Vancouver retailer cited weak North American sales, underperforming product launches and negative media commentary as it forecast flat to slightly lower revenue.
- On Thursday, The Vancouver-based Lululemon lowered its fiscal 2026 revenue outlook to US$11.0–11.2 billion, representing flat to 1% decline, while reporting first-quarter revenue of US$2.5 billion and net income of US$195 million.
- Interim CEO Meghan Frank attributed the revised forecast to product launches that failed to meet expectations and negative media commentary that hurt the brand's image and sales.
- International sales grew 8 per cent in the quarter, but performance in North America, the company's largest market, slipped 6 per cent, extending a multi-year decline in the crucial region.
- Former Nike executive Heidi will join as CEO in September to address these urgent performance challenges, marking a critical leadership transition for the struggling retailer.
- Co-CEO Maestrini described fewer discounts in North America as 'positive signals' for the business, yet cautioned that regaining customer traction will require time to take effect.
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Lululemon cuts annual outlook, citing 'negative' media commentary and disappointing product launches
In this articleLULUFollow your favorite stocksCREATE FREE ACCOUNTCustomers enter a Lululemon store inside a shopping mall on May 23, 2026, in Shenzhen, Guangdong Province, China. Cheng Xin | Getty ImagesLululemon’s troubles are far from over. The athletic apparel retailer lowered its full-year guidance and issued a weak current quarter outlook on Thursday as interim CEO Meghan Frank blamed “negative commentary in the media” and recent product la…
The Toronto Star+3 Reposted by 3 other sources
Lululemon drama with founder weighed on Q1 traffic, performance: co-CEO
Lululemon Athletica Inc.'s showdown with its estranged founder weighed on the retailer’s first quarter so much that it’s revising its forecasts, the company revealed Thursday.
·Toronto, Canada
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Coverage Details
Total News Sources23
Leaning Left7Leaning Right1Center9Last UpdatedBias Distribution53% Center
Bias Distribution
- 53% of the sources are Center
53% Center
L 41%
C 53%
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