NasdaqGS:LULULuxury
Why Lululemon (LULU) Is Down 17.0% After Lowering Guidance on Weaker U.S. Demand and Tariffs
In the past week, lululemon athletica released its second quarter results, reporting US$2.53 billion in revenue and adjusted earnings per share that exceeded expectations, but also lowered its full-year guidance due to weak U.S. demand and increased tariffs.
Alongside these financial updates, the company announced executive leadership changes and an expanded focus on technology and AI to help reinvigorate growth and address ongoing challenges in its product lineup.
We'll now look at how...