Lululemon Drops to Eight-Year Low With New CEO Inheriting a Mess

Lululemon Athletica has lowered its full-year sales outlook for the second consecutive quarter, projecting revenue between $10.35 billion and $10.5 billion for fiscal year 2027. The company is also reducing its earnings per share guidance and reported its first decline in comparable sales since the pandemic, creating significant challenges for incoming CEO Heidi O'Neill as she takes the helm next week.