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Benzinga
Benzinga
Business

Lululemon Shares Seen Fairly Valued As Near-Term Momentum Remains Weak

Lululemon LULU Lululemon Athletica Inc Keybanc United States
Lululemon Athletica Inc.

Lululemon Athletica Inc. (NASDAQ:LULU) reported mixed fiscal second-quarter results, with earnings ahead of expectations but revenue slightly below consensus.

U.S. comparable sales declined for the first time in years, offset by double-digit international growth. Management trimmed its full-year outlook as tariffs, higher markdowns, and elevated inventories weighed on margins.

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