Lululemon admits far more work is needed for a turnaround, and its stock sinks

Lululemon trimmed its full-year forecast on Thursday, citing a potential dip in sales this year. The update points to softer consumer demand and weaker near-term fundamentals for the yoga-wear maker. The news is mildly negative for the stock and suggests increased caution around revenue expectations.

Analysis

Lululemon trimmed its full-year forecast on Thursday, citing a potential dip in sales this year. The update points to softer consumer demand and weaker near-term fundamentals for the yoga-wear maker. The news is mildly negative for the stock and suggests increased caution around revenue expectations.