BUZZ-Lululemon shares slide after bleak annual outlook

Reuters
28 Mar
BUZZ-Lululemon shares slide after bleak annual outlook

** Lululemon shares LULU.O slide ~11% premarket after the sportswear maker's below-estimates FY forecast

** Co blames slow consumer spending and 20 bps US tariffs hit

** Piper Sandler: "We continue to debate whether the real issue is brand maturity and saturation in a competitive market"

** 34 analysts avg rating is equivalent of "buy" -LSEG data

** Their median PT is $411 after at least 3 cuts post results and vs premarket price of $304.56

** LULU has already slid 11% this year through last close

(Reporting by Akriti Shah in Bengaluru)

((akriti.shah@thomsonreuters.com))

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