Lululemon Shares Drop Over 20% Amid Lowered Guidance and Growth Concerns
TL;DR Summary
Lululemon's shares fell 20% after it beat first-quarter earnings expectations but cut its full-year guidance due to a challenging macroeconomic environment, tariffs, and economic slowdown fears, leading to a significant stock decline despite strong quarterly revenue and profit.
- Lululemon shares tumble 20% as it cuts full-year guidance, citing 'dynamic macroenvironment' CNBC
- Lululemon’s shares sink on forecast. But it says it plans to ‘play offense.’ MarketWatch
- Lululemon Projects Lower-Than-Expected Growth for Second Quarter Bloomberg
- Lululemon Stock Plummets 21% in Late Trading on Cut Guidance Barron's
- Lululemon (NASDAQ:LULU) Posts Q1 Sales In Line With Estimates But Stock Drops 15.5% Yahoo Finance
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