US Stock Market Move | Sales of Q2 core product yoga pants plummeted 20%, Lululemon Athletica (LULU.US) dropped over 18%.
As of the time of this report, the stock has fallen over 18%, priced at $99.79.
On Friday, Lululemon Athletica (LULU.US) saw its stock price decline, falling over 18% to $99.79 at the time of publication. In terms of news, Lululemon reported a 4% year-over-year drop in second-quarter revenue, with comparable sales plummeting 9%, marking the first downturn since the onset of the pandemic. The decline in the North American market reached as high as 12%, with sales of the core product, yoga pants, dropping by 20%. Revenue for the fiscal year 2026 is projected to be between $10.35 billion and $10.5 billion, marking two consecutive quarters of downward adjustments.
Related Articles
Blue Owl Capital (OWL.US) is targeting the IPO surge in AI data centers and plans to package approximately $6.5 billion in assets into a new REIT for listing.
US Stock Market Move | Hello Group Inc. Sponsored ADR (MOMO.US) rose more than 6%, with overseas net revenue in the second quarter increasing by 52% year-on-year.
GREAT CHI HLDGS (00021): Huang Wenxi resigns as Executive Director and Chief Executive Officer.
Blue Owl Capital (OWL.US) is targeting the IPO surge in AI data centers and plans to package approximately $6.5 billion in assets into a new REIT for listing.
US Stock Market Move | Hello Group Inc. Sponsored ADR (MOMO.US) rose more than 6%, with overseas net revenue in the second quarter increasing by 52% year-on-year.
GREAT CHI HLDGS (00021): Huang Wenxi resigns as Executive Director and Chief Executive Officer.
RECOMMEND
