GeneralBearishBlockonomi · 4h ago6/10
📰
Lululemon (LULU) Stock Plunges 11% After Slashing Full-Year Forecast Below Estimates
Lululemon's stock declined 11% following the company's decision to lower full-year guidance below analyst expectations, despite beating Q1 revenue targets at $2.47 billion. The guidance cut signals management concerns about future demand and profitability despite near-term performance.