Lululemon Shares Drop Amid Weak Profit Forecasts
Lululemon's shares fell by 12% premarket after the company issued bleak quarterly and annual profit outlooks. The decline reflects investor concerns over slowing U.S. demand, increased competition from brands like Alo Yoga and Vuori, rising tariff costs, and a leadership transition.
Topics: Lululemon profit outlook turnaround concerns yoga apparel market