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Wajeeh Khan

LULU Stock Falls After Lululemon Cuts Annual Guidance

LULU Lululemon Stock Lululemon Athletica Meghan Frank

Lululemon Athletica (LULU) stock tumbled on Friday after the athletic apparel retailer reported a better-than-expected Q1 but lowered its full-year guidance.

In the earnings release, management said the firm’s core North American market is contracting, with mounting reliance on discounting beginning to erode the premium brand image.

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