I Predicted That Lululemon Stock Was In Trouble Ahead of Earnings. What's Next After Its 17% Drop?
Lululemon shares plunged after another guidance cut.
I predicted that Lululemon's stock would face trouble ahead of the company's earnings report, and that prediction became a reality. The stock plummeted 17% on the day of the report, following a disappointing earnings release and a reduction of its full-year outlook. This is the fourth time since June that Lululemon has lowered its full-year guidance, causing the stock to lose more than half of its value in 2023 and almost three-quarters over the past five years.
Written by urgent.news from Motley Fool's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
