EXPLAINED: Lululemon stock is down 43 in 2026 a lower valuation doesnt fix its problems | Vintage Vibes

Lululemon Athletica (LULU) is one of the S&P 500's ($SPX) worst-performing stocks this year, with shares down about 43%. While the selloff has made the valuation look more attractive, the company is still struggling to revive growth in North America.

Intensifying competition, margin pressure, and underwhelming product launches continue to weigh on the business, suggesting the recent decline alone may not make LULU stock a buying opportunity.