Lululemon slumps after lowering annual profit forecast
ReutersJun 6, 2025 12:17 AM
Shares of Lululemon Athletica LULU.O fall 16% to $277.99 in extended trade
Company cuts annual profit forecast, as consumer demand waned amid increased competition and a gradual economic slowdown triggered by uncertainty over the Trump administration's trade policy
LULU now expects annual profit between $14.58 and $14.78 per share, vs previous expectations of $14.95 to $15.15
As of last close, shares are down 13.5% YTD
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