Lululemon Athletica is a leading retailer specializing in athletic apparel and accessories, primarily focused on yoga, running, and workout gear
The company offers a wide range of high-quality, performance-oriented clothing for both men and women, as well as a selection of lifestyle products that promote an active and healthy lifestyle. Recognized for its innovative designs and commitment to sustainability, Lululemon encourages a community-oriented culture through fitness programs and events, fostering a strong brand loyalty among its customers.
Lululemon's solid quarter was overshadowed by weak guidance; guidance is for growth on the top and bottom lines sufficient to sustain the capital return.
Friday’s market plunge capped off a bearish week and likely the worst quarter since 2022. Tariffs are the news headline, and the Magnificent 7 are the biggest drag on the index price declines. Now, add the employment data to the list of concerns.
Shares of athletic apparel retailer Lululemon (NASDAQ:LULU)
fell 15% in the morning session after the company reported underwhelming fourth quarter 2024 results and provided full-year revenue and EPS guidance below analysts' estimates. The Americas region showed flat comparable sales during the quarter, while international markets posted a 20% increase.
Friday's session is showcasing interesting market movements in the S&P500 index, with notable gap up and gap down stocks. Stay updated with the gapping S&P500 stocks in today's session.
Lululemon shares are tanking Friday after the company issued soft forward guidance for the year ahead, despite beating estimates on the top and bottom line for the fourth quarter.
