Lululemon Athletica Inc. is trading 8.61% down at $114.16 after the company lowered its full-year revenue outlook following persistent sales weakness in the Americas.
- Full-year revenue guidance was cut to a range of $11.0 billion–$11.15 billion, overshadowing a first-quarter revenue increase of 4% to $2.5 billion.
- Americas net revenue decreased 3% and operating margins fell sharply, leading investors to prioritize the guidance reset over the recent earnings beat.
- The stock's decline is being amplified by broader market volatility, with the S&P 500 and NASDAQ trading down 0.66% and 1.14%, respectively.