Lululemon shares slip after Q2 results as CEO transition looms
Lululemon Athletica (LULU) stock slipped as analysts questioned the pace of the turnaround, cutting price targets after weak Q2 results and a lowered outlook. Incoming CEO Heidi O’Neill takes over on Tuesday.
Lululemon Athletica Inc. (LULU) stock slipped overnight as Wall Street analysts questioned the pace of the company’s turnaround after weak second-quarter (Q2) results and a lowered outlook. Incoming CEO Heidi O’Neill, who takes over on Tuesday, faces pressure to revive product…