Lululemon Athletica Inc (NASDAQ:LULU) continues to see strong customer interest in new products, but weaker foot traffic has weighed on its outlook, analysts say. The athleticwear company's shares are down more than 14% on Friday following yesterday's earnings release that showcased weak first-quarter guidance, overshadowing its stronger-than-expected fourth-quarter results.
Lululemon stock plunged after the company gave a weak outlook, citing slower consumer traffic and concern about the economy. The post Analysts Fear Lululemon's Woes Could Drag On Throughout The Year; Stock Plunges 15% appeared first on Investor's Business Daily.
Shares of apparel retailer Lululemon Athletica (LULU) sank Friday as a soft outlook outweighed an estimate-topping fourth quarter reported after the bell Thursday.
Lululemon Athletica Inc. may be wrestling with tariffs, consumer uncertainty and a pressing need to boost brand awareness, but analysts still see plenty of positives ahead for the athleisure giant.
Athletic wear giant Lululemon headed toward one of its worst stock market losses ever Friday amid concerns about how one of the most prominent Canadian business operating in the U.S. is navigating a rocky macroeconomic picture due to President Donald Trump's tariffs, including a 25% duty on Canadian imports, and the associated weakening of consumer confidence.
Shares in lululemon athletica slipped in early trading Friday after the company said it faces cooling demand in its core U.S. market as inflation and economic uncertainty intensify competition.
Investors should invest in Lululemon Athletica Inc (NASDAQ: LULU) on the post-earnings decline, according to Dana Telsey. She's the chief executive of Telsey Advisory Group.
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