Did Lululemon Just Make a $2 Billion Mistake?
Lululemon (NASDAQ: LULU) has been one of the best-performing apparel stocks of the century, as the company pioneered an entirely new category of clothes: athleisure.
However, over the last couple of years, the stock has been a downright disaster and is now down 72% from its all-time high at the end of 2023. Challenges facing the brand have included weakness in North America due to brand saturation, competition, and complaints about the product quality and lack of newness in its styles. Additionally, tariffs, including the removal of the de minimis exemption, hit the Canadian company hard, forcing it to rearrange its e-commerce supply chain for the U.S., where most of its revenue comes from.
In the face of those headwinds, former CEO Calvin McDonald, who had led the company since 2018, said he would step down last December, leaving the board to search for its next CEO.
Source Fool.com
Lululemon Athletica Inc. Aktie
Lululemon Athletica Inc. sticht etwas positiv hervor mit 22 Buy- und 7 Sell-Einschätzungen.
Das durchschnittliche Community-Kursziel von 195 € für Lululemon Athletica Inc. impliziert eine Steigerung von über 50% gegenüber 103.4 €.
