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 revenues between $10.35-$10.5 billion for fiscal year 2027, down from previous forecasts. The company also reported its first decline in comparable sales since the pandemic and trimmed earnings per share guidance, creating significant challenges for incoming CEO Heidi O'Neill as she assumes leadership next week. This marks the athletic apparel company's stock performance at an eight-year low.
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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 revenues between $10.35-$10.5 billion for fiscal year 2027, down from previous forecasts. The company also reported its first decline in comparable sales since the pandemic and trimmed earnings per share guidance, creating significant challenges for incoming CEO Heidi O'Neill as she assumes leadership next week. This marks the athletic apparel company's stock performance at an eight-year low.
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