US Stock Market Move | Lowered full-year performance outlook, Lululemon (LULU.US) opened with a sharp decline of over 8%.

On Friday, Lululemon (LULU.US) opened with a sharp drop of over 8%, falling to its lowest point since 2018, now trading at $114.82. On the news front, the company recently significantly lowered its full-year profit and revenue guidance due to continuous decline in sales in its largest market, North America, and increased tariff costs. It is now expected that the full-year earnings for the fiscal year 2026 will be between $10.95 and $11.15 per share, down over $1 from the previous forecast of $12.10 to $12.30 per share. The full-year revenue expected range has been revised from $11.35 billion to $11.5 billion down to $11 billion to $11.5 billion, which means that the full-year revenue will remain flat or decrease by 1%, whereas the previous expectation was growth of 2% to 4%. Interim Co-CEO and CFO Meghan Frank admitted during the earnings call that there has been a significant increase in negative comments about the brand on media and social platforms, impacting foot traffic and overall revenue. She also acknowledged that some of the new products introduced in the second quarter did not generate the expected consumer response.