lululemon shares fall over 17% after lowering full-year outlook
Shares of lululemon (LULU) dropped more than 17%, reaching a new 52-week low, following the company's announcement that it is cutting its full-year guidance. The decline came in response to weaker-than-expected second-quarter results and concerns over slowing demand for athletic apparel. The stock selloff reflects investor disappointment with lululemon’s revised outlook, which marks the second time this year the company has adjusted downward expectations amid a challenging retail environment. Analysts suggest that macroeconomic pressures and shifting consumer spending patterns are contributing to reduced sales growth in the sector.
Tickers: $LULU
Topics: lululemon outlook cut Q2 results stock decline