Lululemon's Comparable Sales Fell 9%. Can New CEO Heidi O'Neill Turn Things Around or Is the Brand Broken?
Lululemon's results keep getting worse. Is a new CEO the answer?
Overview
Lululemon's (NASDAQ:LULU) struggles just went from bad to worse.
After several quarters of comparable sales declines in the core North American market and a plunging stock price, the athleisure retailer just reported its worst comparable sales result in modern history, with comps down 9% in the second quarter.
Details
Comps in the Americas region were down 12%, while the international segment, which had been a ballast for the company, fell 3% or 6% on a constant currency.
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.