🔴 Lululemon Athletica is trading 17.9% down in pre-market after Q2 revenue miss and 2026 guidance cut

Lululemon Athletica is trading 17.9% down at $100.20 after fiscal Q2 revenue fell 4% to $2.42 billion, missing expectations.

• Americas comparable sales fell 12%, highlighting continued North American weakness.
• Management cut full-year 2026 revenue guidance to $10.35–$10.50 billion and EPS guidance to $9.48–$9.73; incoming CEO Heidi O’Neill adds leadership-transition uncertainty.
• The decline followed the September 3 earnings release and reflects a company-specific reaction, not broader market weakness; pre-market trading activity is elevated.