Lululemon Athletica Inc. is trading 4.1% down at $107.22, extending a sharp selloff following its June 4 fiscal Q1 results and a downward revision to its full-year revenue forecast.
- Shares are sliding toward 52-week lows as investors reassess growth prospects following weaker-than-expected revenue in the Americas.
- Recent analyses have highlighted growing concerns regarding the company's growth engine in China, previously a key driver of expansion.
- The downward move appears to be stock-specific, as the broader market is only slightly weaker during today's session.