institutional access

You are connecting from
Lake Geneva Public Library,
please login or register to take advantage of your institution's Ground News Plan.

Published loading...Updated

Lululemon shares tumble 20% as it cuts full-year guidance, citing ‘dynamic macroenvironment’

  • Lululemon reported a 20% share price drop after cutting its annual profit forecast amid a challenging macroeconomic environment and tariffs on imports in 2025.
  • The company's difficulties stem from U.S. tariffs on goods sourced mainly from Vietnam and China, causing rising costs and economic uncertainty affecting consumer spending.
  • Lululemon's first-quarter net income fell 2.1% to $314.6 million with a 7.3% revenue increase to $2.37 billion, while comparable sales fell 2% in the Americas but rose internationally.
  • Finance chief Meghan Frank said the company plans modest price increases on a small part of its products to offset tariffs, while CEO Calvin McDonald highlighted cautious U.S. consumers and agility as key.
  • Lululemon anticipates reduced profitability in the latter half of the year, maintains its 2025 revenue projection within a range slightly above $11 billion, and continues to navigate uncertainties stemming from ongoing tariff effects.
Insights by Ground AI
Does this summary seem wrong?

69 Articles

All
Left
16
Center
20
Right
7
CNNCNN
+4 Reposted by 4 other sources
Lean Left

Lululemon stock plunges in historic rout as tariffs eat away at its profit

Lululemon’s stock is on pace for one of its biggest routs in history after the athleisure maker warned that tariffs will dent its profit.

·Atlanta, United States
Read Full Article
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 47% of the sources are Center
47% Center
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

NBC LA broke the news in Los Angeles, United States on Thursday, June 5, 2025.
Sources are mostly out of (0)