Lululemon shares tumble as sales decline and guidance slashed
Lululemon reported Q2 2026 revenue of $2.42 billion, a 4% drop, and comparable sales fell 9%, missing its own guidance. The company cut its full-year revenue forecast to $10.35-10.5 billion from $11.0-11.15 billion and lowered earnings per share guidance to $9.48-9.73 from $10.95-11.15, triggering a 15% stock selloff.
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