Lululemon Slashes Guidance and Earnings Outlook Amid Founder Drama

Lululemon (LULU) cut its full-year revenue outlook and reported weaker-than-expected second-quarter earnings, leading to a sharp decline in stock price. The company cited recent product launch issues and negative media commentary linked to founder Chip Wilson's proxy fight as contributing factors.

By Brooke DiPalma · Senior Reporter Updated Fri, June 5, 2026 at 7:46 PM GMT+3 2 min read · Yahoo Finance · June 5, 2026, 16:46 UTC

Lululemon Slashes Guidance and Earnings Outlook Amid Founder Drama

Tickers: $LULU

Topics: founder_dispute guidance_trimmed stock_price_drop

Read the full article at Yahoo Finance

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