Reported about 15 hours ago
Lululemon reports progress in restructuring its business strategies, aiming for $12.5 billion in revenues by 2026, yet the stock market remains unimpressed. Despite boasting successful holiday sales and rising e-commerce traffic, the company faced flat comparable sales in the U.S. during fiscal 2024's first quarter. Concerns around increased competition and an evolving consumer market have overshadowed its recent achievements, leading to a notable decline in stock prices.
Source: YAHOO