Lululemon Forecast Cut Sends Shares Down After Earnings
Lululemon shares fell as much as 20% in after-hours trading after the athleisure retailer cut its revenue and profit outlook. For 2026, it expects net revenue of $10.35 billion to $10.5 billion, a 5% to 7% decline, and adjusted EPS of $9.48 to $9.73. The interim co-CEO said the revised outlook reflects challenging dynamics.