Lululemon cuts annual revenue forecast-June 2024-www.financetom.com

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Lululemon cuts annual revenue forecast

Jun 4, 2026 1:30 PM

June 4 (Reuters) - Lululemon Athletica ( LULU ) cut its

annual revenue forecast on Thursday, as the athletic apparel

maker grapples with waning brand appeal in the U.S. amid tough

competition.

The company, which ended a months-long proxy fight with

founder Chip Wilson in May, expects its fiscal 2026 revenue to

be flat to decline 1%, compared with its prior forecast of a 2%

to 4% increase.

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