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Lululemon stock plunges 15% on disappointing earnings and outlook
The retailer cited weaker sales and lower earnings as it cut full-year revenue guidance to $10.35 billion to $10.5 billion, analysts said.
- Shares of Lululemon plunged 15% on Thursday after the retailer reported a 4% decline in revenue and a 9% comparable sales decrease for the second fiscal quarter.
- Lululemon Athletica Inc. downgraded its full-year revenue outlook to between $10.35 billion and $10.5 billion, down from its previous guidance of $11 billion to $11.15 billion.
- The Vancouver-based retailer reported net income of $329.2 million, or $2.92 per share, while gross margin grew 5.6% boosted by a $134.5 million tariff refund.
- Lululemon has faced criticism from founder Chip Wilson; the company reached an agreement over the summer to add two of his three nominees to the board.
- Former Nike executive Heidi will take the reins as CEO next week while the company expects third-quarter revenue between $2.29 billion and $2.32 billion, representing a roughly 10% to 11% decline.
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Lululemon cuts outlook as Q2 profit, revenues drop
Lululemon Athletica Inc. says its second-quarter profit and revenues dropped from last year and the company is cutting its full-year guidance. The Vancouver-based retailer, which keeps its books in U.S. dollars, reported net income of US$329.
·Canmore, Canada
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lululemon athletica inc. Announces Second Quarter Fiscal 2026 Results
Revenue decreased 4% to $2.4 billion, or decreased 5% on a constant dollar basis Comparable sales decreased 9%, or 10% on a constant dollar basis Diluted EPS of $2.92(1) VANCOUVER, British Columbia — lululemon athletica inc. (NASDAQ:LULU) today announced financial results for the second quarter of fiscal 2026, which ended on August 2, 2026. Meghan […]
·Toronto, Canada
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Total News Sources5
Leaning Left2Leaning Right1Center2Last UpdatedBias Distribution40% Left, 40% Center
Bias Distribution
- 40% of the sources lean Left, 40% of the sources are Center
40% Center
L 40%
C 40%
R 20%
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