Lululemon Tumbles 17% as S&P 500's Worst Performer After Cutting Outlook
LULU is trading near its 52-week low of $97.99 (2.7% above the low) on elevated volume (9.2× avg).
Summary
Lululemon fell 17% in Friday's regular session, making it the S&P 500's worst performer, after reporting declining sales and cutting its full-year outlook. This follows the company's Q2 revenue miss and second guidance cut, which had already sent shares down about 18% in premarket trading. The stock is now trading near its 52-week low of $97.99, reflecting deepening investor concern over weakening demand and deteriorating fundamentals. The regular-session decline confirms the market's negative reaction to the earnings and guidance, with no signs of a rebound.
At the time of this announcement, LULU was trading at $100.67 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $11.9B. The 52-week trading range was $97.99 to $225.98. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.