US Business Remains Under Pressure<\/p>\n
During the first quarter, Lululemon\u2019s U.S. revenue fell 4%. Revenue from its Americas business declined 3%, while comparable sales dropped 5%.\u00a0<\/p>\n
During a call with analysts after the company\u2019s Q1 results, interim co-CEO and CFO Meghan Frank said Lululemon\u2019s business weakened after negative media and social-media commentary hurt customer traffic and sales while some new product releases also performed below expectations.<\/p>\n
UBS said it sees \u201climited near-term catalysts\u201d but the \u201calready-bearish sentiment\u201d may be reflected in the stock\u2019s low valuation. It lowered LULU\u2019s price target to $120 from $124 and kept a \u2018Neutral\u2019 rating, according to The Fly.<\/p>\n
Michael Burry Sees A Bargain<\/p>\n
Despite the operating challenges, \u2018The Big Short\u2019 investor Michael Burry remains optimistic. He recently\u00a0called<\/a> Lululemon stock \u201cscreaming cheap.\u201d Burry had earlier stated that investors were too pessimistic about the athletic apparel company.<\/p>\n Retail Expects LULU Stock To Fall After Q2 Results<\/p>\n Retail sentiment surrounding LULU on Stocktwits flipped to \u2018neutral\u2019 from \u2018bullish\u2019 over the past 24 hours. LULU was also among the top trending tickers at the time of writing.<\/p>\n One user said the stock hitting $75 to $80 was \u201cvery much possible.\u201d It is currently trading around $118.<\/p>\n LULU shares have shed more than 44% in value so far in 2026.<\/p>\n Also read:\u00a0JPMorgan Is \u2018Increasingly Positive\u2019 On SpaceX\u2019s Grok-Cursor Push \u2013 Sees 75% Potential Upside In SPCX Stock<\/a><\/p>\n For updates and corrections, email newsroom[at]stocktwits[dot]com.<\/p>\n
![\"Follow](\"https:\/\/chunks-prd.stocktwits-cdn.com\/_next\/static\/media\/google-news-icon.d9c2bfd1.svg\"\/){kind=icon}
<\/a><\/p>\n