Lululemon shares hit eight-year low after outlook cut
Lululemon Athletica reported second-quarter weakness alongside a cut to its outlook. Revenue was $2.42 billion, down 4% year over year; comparable sales were declining.
Athletic-apparel retailer Lululemon Athletica Inc. (LULU, Financials) is in one of the roughest stretches in recent history, with shares falling to an eight-year low after disappointing second-quarter earnings. Revenue was $2.42 billion, down 4% from a year earlier. Comparable sales were dow…