Lululemon Drops to Eight-Year Low With New CEO Inheriting a Mess

Lululemon Athletica lowered its full-year sales forecast to between $10.35 billion and $10.5 billion for fiscal 2027, down from its previous projection issued in June. The company also reduced its earnings per share outlook after reporting its first decline in comparable sales since the pandemic. Heidi O'Neill will assume the role of Chief Executive Officer next week as the company faces declining sales performance.

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