Lululemon Beats Q1 Expectations But Warns of Tough Road Ahead
Lululemon beat Q1 2026 expectations with $2.5B revenue but slashed full-year and Q2 guidance due to weak US demand.
Lululemon beat Q1 2026 expectations with $2.5B revenue but slashed full-year and Q2 guidance due to weak US demand.
Lululemon settles dispute with founder Chip Wilson, adds new board members, and aims to refocus on growth and stability.
Lululemon hires ex-Nike exec Heidi O’Neill as CEO to revive US sales after decline, rising competition, and slowing growth.
Lululemon projected conservative 2026 revenue of $11.35B–$11.50B (2–4% growth) and EPS of $12.10–$12.30, below Wall Street expectations. Shares dropped as the brand hunts for a new CEO amid founder Chip Wilson’s board push, quality complaints, and rising competition.
Lululemon temporarily removes Get Low collection from online sales after customers complain about sheer fabric and sizing issues.
Abercrombie & Fitch stock plunged after disappointing holiday sales results, triggering a broader selloff in retail stocks including American Eagle and Urban Outfitters.