Lululemon shares drop 15% as CEO says inflation, economic concerns are weighing on spending
Publishing timestamp: 2025-03-27 20:29:32
Summary
Lululemon reported earnings and revenue beats for Q4, but its 2025 guidance fell below expectations, leading to a 15% drop in shares. CEO mentioned economic uncertainty affecting U.S. traffic, but minimal disruption expected from tariffs. Company beat expectations for earnings and revenue, but concerns about weakening economy and tariffs led to slower sales expectations.
Sentiment: MIXED
Tickers: LULU,
Keywords: lululemon athletica inc, tariff, earnings, donald j. trump, breaking news: earnings, business news, retail industry, apparel retail, breaking news: business,
Source: https://www.cnbc.com/2025/03/27/lululemon-lulu-earnings-q4-2024.html