Why Did Lululemon Shares Crash in Premarket Trading?
Lululemon cuts earnings outlook as Trump's tariffs and elimination of duty-free shipping exemption set to cost company $240 million, sending shares down 19.78% in pre-market trading.
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BTC$62,686.00-1.67%
ETH$1,666.62-3.16%
USDT$0.9987-0.01%
USDC$0.9996-0.01%
XRP$1.10-1.88%
SOL$69.40-3.23%
TRX$0.329-1.01%
FIGR_HELOC$1.03-0.16%
HYPE$61.30-7.24%
DOGE$0.0789-3.56%
USDS$0.9997+0.00%
RAIN$0.0157-2.06%
LEO$9.49-0.84%
ZEC$413.84-6.89%
XLM$0.1911-3.05%
Lululemon shares rose about 10% in premarket trading after the company beat Q3 earnings expectations and announced a $1 billion expansion of its stock buyback program.
Lululemon cuts earnings outlook as Trump's tariffs and elimination of duty-free shipping exemption set to cost company $240 million, sending shares down 19.78% in pre-market trading.
Lululemon Athletica Inc. reported a strong earnings performance, with a 9% revenue increase to $2.4 billion, driven by significant growth in China.
Lululemon (LULU), Nike (NKE), and Tesla (TSLA) stocks opened lower due to slowing US store traffic, earnings announcements, and reduced China production, respectively.
Even outside of this week's earnings reports, these three stocks should be on your watchlist.