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Lululemon shares plunge after disappointing earnings and outlook

CNBC Earnings said the pullback followed a sales slowdown and another quarter of underwhelming results as the company tries to turn around its business.

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Lululemon’s stock dropped sharply after the company reported earnings that fell short of expectations and offered a disappointing outlook, CNBC Earnings reported.

According to the outlet, the latest results marked another quarter of disappointing performance, with sales slowing as Lululemon struggles to successfully turn its business around.

CNBC Earnings also attributed the downturn to the company’s inability to reverse its momentum, with investors reacting to both the quarterly numbers and the forward-facing guidance.

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