Reported about 20 hours ago
Lululemon's stock fell nearly 18% after the company announced that its profit projections for the second quarter and full year missed analyst expectations, largely due to a challenging economic environment and rising tariffs. The company now expects adjusted EPS to range from $2.85 to $2.90, significantly lower than the anticipated $3.31, while full-year EPS guidance has been reduced. As inflation and consumer uncertainty affect spending, Lululemon plans to implement price increases on select items and focus on efficiency in sourcing to navigate these challenges.
Source: YAHOO