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Lululemon cuts annual outlook a week before new CEO takes over
Source: reuters.com
Corporate Guidance & OutlookConsumer Demand & RetailCompany FundamentalsAnalyst EstimatesManagement & Governance
Lululemon cut its annual revenue and profit forecasts, signaling a tougher outlook as demand softens and competition intensifies from newer brands. The guidance reduction adds near-term pressure for incoming CEO Heidi O’Neill as the company navigates weaker consumer momentum. This update is likely to weigh on investor expectations and move the stock given it directly revises annual targets.
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