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Lululemon shares plunge after disappointing earnings and outlook
CNBC Earnings reports that Lululemon shares fell about 20% after the company delivered disappointing earnings alongside an outlook that missed expectations.
The outlet said the results reflected another quarter of weak performance, including a sales slowdown as the company works to turn around its business.
According to CNBC Earnings, the broader challenge has been its inability to effectively improve performance and momentum in recent quarters.
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