Lululemon’s shares dropped about 20% after the company reduced its full-year earnings guidance. The company cited a “dynamic macroenvironment” as the reason for the adjustment. Despite beating Wall Street’s expectations for the fiscal first quarter, Lululemon now anticipates full-year earnings per share to be between $14.58 and $14.78, down from the previous range of $14.95 to $15.15. Analysts had expected earnings per share of $14.89. For the first quarter, Lululemon reported a net income of $314 million, or $2.60 per share, compared to $321 million, or $2.54 per share, the previous year. Revenue increased to $2.37 billion from $2.21 billion in the same period last year. The company expects second-quarter revenue to be between $2.54 billion and $2.56 billion, with full-year fiscal 2025 revenue projected at $11.15 billion to $11.3 billion. Lululemon plans to implement strategic price increases to offset tariff impacts, starting in the second half of the current quarter and into the third quarter.
Juniorstocks.com
@Junior_Stocks
·
4h Lululemon’s stock just tanked 20% to $264.42 as tariffs and weak demand hit hard.
CEO Calvin McDonald says US shoppers are cautious, and competition’s fierce.
Can LULU stretch back to its $423 peak?
#StockMarket #Lululemon #Tariffs $LULU
FinChat
@finchat_io
·
2h Lululemon just reported its slowest comp sales growth in more than 5 years.
$LULU is down 19.9% this morning
The Kobeissi Letter
@KobeissiLetter
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22h BREAKING: Lululemon stock, $LULU, falls over -20% after cutting its full-year guidance citing a “dynamic macroenvironment.”
Morning Brew
@MorningBrew
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5h Lululemon getting crushed this morning
• Cut its full-year profit outlook
• CEO is “not happy” with US growth
• Warned tariff price hikes are coming
Shares opened down 18%
Dividend Dude
@DividendDude_X
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21h Lululemon $LULU down over 22% due to them reporting earnings today and lowering their guidance…
Quite a hefty drop.
PiQ
@PiQSuite
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8h Lululemon Sinks 21% on Tariff Hit, Weak Demand
Lululemon slashed its profit outlook as U.S. tariffs and slow sales in China and North America bite.
The stock plunge also dragged down Nike, while price hikes and discounts loom.
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