Lululemon cuts annual revenue forecast

lululemon athletica

04/06/2026 21:07

    June 4 (Reuters) - Lululemon Athletica LULU.O 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.


 (Reporting by Anuja Bharat Mistry in Bengaluru and Danielle Kaye in New York; Editing by Shilpi Majumdar)
 ((AnujaBharat.Mistry@thomsonreuters.com))