Lululemon Stock Plunges 17% After It Slashes FY Revenue Outlook
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Lululemon Athletica's stock fell 17% after the company revised its fiscal 2025 revenue outlook down to $10.85-$11.00 billion, below the previous range and Street consensus. Despite beating earnings expectations, U.S. sales declined, and the retailer missed revenue targets. The third-quarter sales forecast is also below consensus. Management cited tariffs and weaker demand as challenges, leading to investor skepticism about the company's ability to regain momentum without significant changes.
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