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Lululemon’s Stock Plummets 13% After Lowering Annual Forecasts
Lululemon’s Stock Plummets 13% After Lowering Annual Forecasts
20
3
BTCCSquare news:
Lululemon Athletica's shares tumbled 13% following a downward revision of its annual sales and profit guidance. The Vancouver-based apparel giant posted Q2 EPS of $3.10, surpassing analysts' $2.85 estimate, while revenue reached $2.53 billion—slightly below the $2.54 billion consensus. Year-over-year sales grew 6.5%.
The company now anticipates full-year revenue between $10.85 billion and $11 billion, a significant cut from prior projections of $11.15 billion to $11.30 billion. Similarly, profit forecasts were slashed to $12.77-$12.97 per share from $14.58-$14.78. Operating margins contracted to 20.7% from 22.8% amid ongoing challenges with U.S. tariffs on Chinese imports, where most manufacturing occurs.
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