4 September 2026
Lululemon Athletica Inc. lowered its full-year outlook for a second straight quarter, reflecting the deepening challenges incoming Chief Executive Officer Heidi O’Neill will face when she takes over the top job next week. Sales are now projected to be in a range of $10.35 billion to $10.5 billion in the current fiscal year that ends in early 2027. That’s down from June’s annual forecast, which was itself reduced from the previous view. The company also trimmed its outlook for earnings per share after reporting its first decline in comparable sales since the pandemic when they temporarily stopped reporting the measure. We get reaction from Poonam Goyal, Senior US Retail Analyst for Bloomberg Intelligence
lululemon athletica inc. (LULU)
Following other big brands like IKEA and Canada Goose, Canadian sports apparel giant Lululemon is jumping into the growing used clothing resale market with its new 'Like New' program that offers refurbished items at lower prices. 3 September 2026
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