US Stock Market Move | Sales of Q2 core product yoga pants plummeted 20%, Lululemon Athletica (LULU.US) dropped over 18%.
As of the time of this report, the stock has fallen over 18%, priced at $99.79.
On Friday, Lululemon Athletica (LULU.US) saw its stock price decline, falling over 18% to $99.79 at the time of publication. In terms of news, Lululemon reported a 4% year-over-year drop in second-quarter revenue, with comparable sales plummeting 9%, marking the first downturn since the onset of the pandemic. The decline in the North American market reached as high as 12%, with sales of the core product, yoga pants, dropping by 20%. Revenue for the fiscal year 2026 is projected to be between $10.35 billion and $10.5 billion, marking two consecutive quarters of downward adjustments.
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