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Stock impact report

Lululemon says slow consumer spending, tariffs hurt annual forecast [Yahoo! Finance]

lululemon athletica inc. (LULU) 
Last lululemon athletica inc. earnings: 3/26 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.lululemon.com
Company Research Source: Yahoo! Finance
its pricey athleisure apparel and U.S. tariffs on imports from China and Mexico had squeezed its forecast for the year. Lululemon's shares fell 10% in after-hours trading. The company's annual revenue and profit outlook fell short of Wall Street expectations. This included a 20-basis-point hit from tariffs, Lululemon said, joining Walmart and a myriad of firms that have said fresh levies from U.S. President Donald Trump would hurt their businesses. "Consumers are spending less due to increased concerns about inflation and the economy. This is manifesting itself into slower traffic across the industry in the U.S. in quarter one, which we are experiencing in our business as well," Lululemon CEO Calvin McDonald said on a post-earnings call. Tariffs apart, Lululemon has long been struggling with slowing demand as efforts to refresh its product lineup have failed to match rising competition from Alo Yoga and Vuori, whose trendier styles are more appealing to shoppers. Lululemon e Show less Read more
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