Lululemon Athletica’s Disappointing Sales Outlook Is Just One of a ‘Thousand Cuts’
Lululemon shares tank almost 17% after Q2 results. Guggenheim stays Neutral, citing overstretched US demand and downside risk to Q4 earnings.
Lululemon sold fewer clothes than people expected, and now lots of people are worried the company might struggle more in the coming months. When a popular company disappoints like this, it's a sign to watch whether customers still want what they're selling.
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