Lululemon (LULU) Cuts Annual Outlook Following Weak Sales Forecasts
Published on · Source: cnbc.com
AI Summary
Summarized by AI from the source belowLululemon (LULU) lowered its fiscal 2026 sales expectation to between $11 billion and $11.15 billion, down from $11.35 billion-$11.50 billion, missing analyst estimates. The company also revised earnings per share guidance to between $10.95 and $11.15, previously $12.10-$12.30, with analysts expecting $12.30. For the current quarter, Lululemon anticipates sales of $2.45 billion to $2.48 billion, below the expected $2.60 billion. Following these updates, shares fell 11% in after-hours trading, contributing to a 40% decline in stock value year-to-date.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About Lululemon Athletica Inc. (LULU)
Lululemon Athletica is an athletic-apparel company known for yoga and athleisure wear.
The Consumer Discretionary sector covers retailers, automakers and leisure companies whose sales rise and fall with consumer confidence.
Earlier LULU news
- LULU After-Hours Trading Volume Surges with Notable Moves
- LULU Trims Full-Year Sales Forecast Amidst Founder Dispute
- LULU Settles Proxy Battle with Founder Chip Wilson, Board Changes Announced
- LULU Talks with Founder Collapse Due to Demands
- LULU Appoints New CEO: Nike Veteran Heidi O’Neill Officially Chosen
Get the weekly market brief
One email every Monday: what moved, why, and what to watch. Free, unsubscribe anytime.
Get stories like this as they break
Our Telegram channel posts every market story the moment it is published. Free, and you can mute or leave anytime.
