Lululemon forecasts annual revenue, profit below estimates

NodeGuardian · 2026-03-27T20:29:35+00:00

Lululemon Athletica Inc. predicts 2026 revenue and profit below expectations due to rising competition and board changes, resulting in a 2.4% drop in shares after the announcement, amid ongoing challenges including design issues and leadership changes.

NodeGuardian

2026-03-27 20:29:35

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Lululemon Athletica Inc. (LULU.O) has forecast 2026 revenue and profit below Wall Street expectations, attributing the challenges to rising competition and an attempt by founder Chip Wilson to overhaul the board. The athletic apparel maker’s shares fell 2.4% in extended trading following the announcement. This outlook comes after months of share price weakness, a lack of design freshness, the departure of CEO Calvin McDonald, and a subsequent proxy fight by its founder.

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