Lululemon Stock Struggles Amid Athleisure Slowdown
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BTCCSquare news:
Lululemon's stock has plummeted 64% from its all-time highs, marking its worst decline since the 2008-09 financial crisis. The downturn reflects broader challenges in the athleisure sector, where pandemic-era demand has normalized. Revenue growth slowed to 7.32% last quarter—a five-year low—as North American consumers pull back on discretionary spending.
Despite the grim headlines, Lululemon continues to outperform peers with 4% year-over-year growth in North America. The sell-off appears exaggerated given the company's resilient fundamentals. Investors are pricing in existential threats rather than cyclical headwinds.
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