- Advertisement -
Lululemon Athletica slashed its annual revenue and profit forecasts on Thursday, signalling a slowdown in demand going into the crucial holiday season as consumers cut down spending, alongside tariff pressures.
Shares of the company fell about 13 percent after the closing bell.
The sportswear maker’s new products have failed to spark a wave of buying from consumers grappling with inflation and the the Trump administration’s volatile trade policy.
Lululemon’s dour forecast comes at a…
