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Lululemon stock plunged after slashing its annual forecast for the second time

The athletic apparel retailer now expects full-year revenue to fall as much as 7%, down sharply from prior guidance

Lululemon $LULU reported second-quarter results on Thursday that showed revenue declining 4% to $2.4 billion and comparable sales falling 9%, prompting the company to slash its full-year revenue and profit outlook for the second time this year.

For fiscal 2026, Lululemon trimmed its full-year revenue target to a range of $10.35 billion to $10.5 billion, implying a 5% to 7% contraction versus the prior year and well below the $11 billion to $11.15 billion it had previously forecast. The company also lowered its earnings........

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