Lululemon Shares Reach Lowest Level Since 2018
Lululemon Athletica stock fell to its lowest price since December 2018. Market capitalization declined from $67.2 billion to $14.3 billion.
marketwatch.comLululemon Athletica stock continued its downward trend and reached its lowest level since December 2018. Market capitalization fell from $67.2 billion to $14.3 billion.
The company reported fourth-quarter revenue of $3.6 billion, a 1% increase from the prior year. Annual revenue rose 5% to $11.1 billion. Americas revenue declined 1% while international revenue grew 17%. International revenue for the full year increased 22%.
Analysts forecast annual revenue of $11.48 billion for the current year. The company faces competition from Nike, Gap's Athleta, Vuori, and Alo Yoga.
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