Lululemon Shifts Growth Focus from U.S. Market
Lululemon reported a decline in U.S. sales and profits for the first quarter of fiscal year 2026, with North America revenue falling by 3% and adjusted earnings dropping to $1.69 per share compared to $2.60 last year. The company is now focusing on China as its key growth market after experiencing a slowdown in U.S. consumer spending.
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