After a Guidance Cut, Is the Worst Over for Lululemon Stock?
lululemon(LULU) The Motley Fool·2024-09-04 16:40
Lululemon stock fell out of favor with investors in 2024, but the pieces are there for a potential turnaround for this apparel retailer.It's been a tough 2024 for investors in Lululemon Athletica (LULU -0.54%) as its share price is down nearly 50%. The biggest part of the slide began after a disappointing earnings report came out in early April. After its second-quarter report was released last week showing so-so results and a cut in its full-year guidance, investors had more reason to wonder. The latest fi ...