Lululemon Q2 misses; lowers full-year guidance after weak sentiment
Lululemon said Q2 revenue and earnings fell short of expectations amid weak brand sentiment and inconsistent product launches, especially in North America and China. It lowered annual guidance and emphasized product innovation, marketing and cost control.
Q2 revenue and earnings fell short of expectations, with management citing weak brand sentiment and inconsistent product launches, particularly in North America and China. Full-year guidance was lowered as the company said it will focus on product innovation, marketing and cost control to support a recovery.