Lululemon analysts reboot stock price target
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Apparel maker’s stock falls nearly 20% after company lowers its earnings forecast, citing trade war and a pullback in consumer spending.
Lululemon Athletica Inc. posted a second straight disappointing quarter, fueling concerns that rising competition and new tariffs are derailing the company’s ambitious growth plans.
We recently published a list of 10 Stocks Took a Shocking Nosedive. In this article, we are going to take a look at where Lululemon Athletica Inc.
Lululemon Athletica late Thursday cut its profit forecast and said it planned to raise prices, as tariffs threaten the clothes company's supply chain. The maker of yoga pants and other athletic wear said it now expects earnings of $14.
Lululemon beat Wall Street's top- and bottom-line expectations, but it cut guidance over macroeconomic concerns. The company's international business posted solid growth, but the Americas region was weak.
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Lululemon Athletica cut annual profit expectations and forecast second-quarter revenue below estimates on Thursday, as consumer demand waned amid increased competition and a gradual economic slowdown triggered by uncertainty over the Trump administration's trade policy.
Lululemon's viral 2-in-1 Maxi Dress is $148. Some shoppers believe the dress is worth every penny and others think its undeserving of the hype.
Lululemon Athletica Inc. posted a second straight disappointing quarter, fueling concerns that rising competition, new tariffs and a shift away from yoga pants are derailing its ambitious growth plans.