Lululemon hits bottom of S&P 500 as concern over outlook builds [Financial Post (Toronto, Ontario, Canada)]
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lululemon athletica inc. (LULU)
Last lululemon athletica inc. earnings: 3/26 04:05 pm
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Source: Financial Post
A bleak start to the year for Lululemon Athletica Inc. worsened this week after the departure of a key executive exacerbated Wall Street's concerns around the outlook for the activewear company just ahead of its earnings report. Shares slumped 11 per cent this week, driven by the news that chief product officer Sun Choe is leaving the company and its merchandising and branding teams will be reorganized. The stock has now declined 41 per cent this year and is the worst performer in the S&P 500 index so far in 2024. Article content Article content It's a reversal of fortune for Lululemon shares, which largely outperformed the U.S. equity gauge in recent years amid strong consumer demand for the company's pricey leggings and other sportswear. A l acklustre initial annual outlook , signs of softer sales trends during the retailer's first quarter and increased competition had already pressured shares this year. Article content “Clearly, the narrative around the company has wor
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LULU
Earnings
- 6/5/24 - Beat
LULU
Sec Filings
- 6/12/24 - Form 8-K
- 6/11/24 - Form 4
- 6/11/24 - Form 4
- LULU's page on the SEC website