MarketsNotableSingle-source
5.2
Lululemon plunges 20% after Q2 miss, cuts full-year forecast again
Dagens IndustriLO·US · CA·3 days ago
Lululemon's stock fell double digits, dropping below $100 for the first time since 2018, signaling a significant loss of investor confidence. The company faces a long road to recovery, though specific catalysts for the decline are not detailed in the available content. This marks a notable reversal for a previously high-flying retail stock, potentially reflecting broader consumer spending concerns.