TradingKey – Lululemon (LULU) delivered another disappointing earnings report.

Impacted by a continued slump in North American sales, sluggish demand for core products, and another downgrade to its full-year guidance, the company’s stock fell over 18% in after-hours trading following the earnings release, dropping below $100. Prior to the release, LULU shares had already fallen over 40% year-to-date, down more than three-quarters from their record high at the end of 2023.

In the second quarter of fiscal 2026, Lululemon’s revenue fell 4% year-over-year to $2.416 billion, missing Wall Street expectations of $2.46 billion; on a constant currency basis, revenue declined 5%. Comparable sales fell 9%, also significantly weaker than the market…