Why Lululemon Stock Fell Sharply in September
Shares of Lululemon Athletica (NASDAQ: LULU) fell 12% in September, according to data from S&P Global Market Intelligence, as investors digested the athleisure company's disappointing outlook in its Sept. 4 earnings report amid a tougher backdrop for U.S. apparel.
"While we continued to see positive momentum overall in our international regions in the second quarter, we are disappointed with our U.S. business results and aspects of our product execution," said Lululemon CEO Calvin McDonald in the company's fiscal second-quarter update.
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Source Fool.com
Lululemon Athletica Inc. Stock
€103.80
4.540%
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