Reported about 19 hours ago
Lululemon Athletica's stock dropped significantly in after-hours trading following a disappointing Q3 outlook, with earnings projected at $2.18 to $2.23 per share, missing expectations of $2.90. The retailer also lowered its full-year guidance while reporting a strong Q2, where earnings were $3.10 per share, above the expected $2.87. Analysts highlighted a challenging competitive landscape in the U.S. and the impact of tariffs, although they noted international growth as a potential opportunity for recovery.
Source: YAHOO