Lululemon cuts full-year guidance, shares fall ~18-20% after hours

Lululemon cut its full-year sales and profit forecast citing challenging dynamics heading into the back half of the year, after reporting Q2 revenue down 4%, Americas sales down 8%, and comparable sales down 9%. Shares fell roughly 18-20% in after-hours trading, dropping below $100 for the first time since 2018-2019.

Detected & updated continuously · Source: Nebula

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