Lululemon shares drop 18% after Q2 earnings disappoint
LULU stock plunged 18% overnight after the athletic-apparel retailer’s fiscal second-quarter (Q2) earnings disappointed investors. Michael Burry called Lululemon a “trickster” while saying he vows to buy more under $100.
Lululemon Athletica Inc. (LULU) stock plunged 18% overnight after the athletic-apparel retailer’s fiscal second-quarter (Q2) earnings disappointed investors, putting pressure on Michael Burry’s biggest portfolio holding.
Despite the sharp selloff, the famed investor called Lululemon a “trickster” a…