Lululemon drops on forecasting revenue below analysts' estimate

Lululemon Athletica

18/03/2026 08:18

** Lululemon Athletica LULU.O falls ~1.6% to $156.77 premarket

** Athletic wear maker forecasts 2026 revenue, profit below analysts' estimate

** Appoints former Levi Strauss LEVI.N chief to board, which is facing proxy fight

** Piper Sandler says co showing some progress in thinking through turnaround in U.S., with inventories that appear better managed

** Adds stock under-owned at ~13x price-to-earnings ratio; new CEO pick crucial for stock's future path

** Q4 gross margin falls 550 basis points to 54.9%

** Stock rated "hold" on average; median PT is $189.5, per data compiled by LSEG

** As of last close, LULU down ~23.3% this year

 (Reporting by Akriti Shah in Bengaluru)

 ((akriti.shah@thomsonreuters.com))