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-0.000336968508761049 -9.19005023893295E-05 -0.000949638524690609 6.12670015928863E-05 0.00303271657885066 0.00533022913858599 -0.00398235510354127 0.00434995711309893
Stock impact report

Down 68%, This Growth Stock Looks Oversold. Is It a Buy? [Yahoo! Finance]

lululemon athletica inc. (LULU) 
Last lululemon athletica inc. earnings: 3/26 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.lululemon.com
Company Research Source: Yahoo! Finance
The stock is now down 68% from its peak at the end of 2023 as its growth has slowed dramatically. There's no single factor that is responsible for that pullback, but rather, there have been a number of causes. The company is facing increasing competition as the athleisure market appears to be getting commoditized. By its own admission, it hasn't done enough to keep its styles fresh. Discretionary spending has been weak in the U.S. due to a slugglish labor market and stubborn inflation, and Lululemon has been hammered by tariffs, especially the removal of the de minimis exemption, which forced it to rearrange its distribution network to fulfill e-commerce orders in the U.S. Those issues led to the departure of former CEO Calvin McDonald, and the company is still in the process of finding a permanent CEO. Founder Chip Wilson is also waging a proxy battle, signaling his frustration with management, and, to his delight, Lululemon named former Levi's CEO Chip Bergh to its board yesterday Show less Read more
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