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Benzinga
Benzinga
Business
Henry Khederian

FORGOTTEN HISTORY: What s going on with lululemon stock | History Defined

LULU Lululemon Lululemon Athletica Lululemon Athletica Inc
Roseville,,Ca,-,November,17,,2019:,Lululemon,Clothing,Boutique,Storefront

Shares of Lululemon Athletica Inc (NASDAQ:LULU) are trading near their 52-week low during Monday’s session after the company last week slashed its full-year forecast and warned of significant margin pressure from new U.S. tariffs. Here’s what investors need to know.

What To Know: The athletic apparel maker reported mixed second-quarter results, beating earnings estimates with an EPS of $3.10 but slightly missing revenue expectations. However, investor focus quickly shifted to the company’s soft guidance and external headwinds. Lululemon cut its full-year earnings per share forecast to a range of $12.77-$12.97, down from a previous estimate of $14.58-$14.78.

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