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Lululemon drops 8.6% as it cuts full-year revenue guidance on weaker traffic
- Lululemon Athletica shares dropped 8.56% on June 5, closing at $114.23 on a massive 4.6x volume spike of 16.18 million shares.
- The company cut its full-year revenue guidance to a range of $11.0 billion to $11.15 billion, down from its previous forecast of $11.35 billion to $11.5 billion.
- Management blamed weaker U.S. consumer traffic, social media brand backlash, and lackluster response to new product launches for the revision.
Supporting datasets
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To surface this insight, Baselight ran 3 queries across its structured data. Each one is reproducible — open it, read the SQL, and rerun it yourself.
Conclusion
Price fell from $124.92 (June 4) to $114.23 (June 5), an 8.56% drop. Volume was 16,178,400 vs 20-day average of 3,501,827 (4.62x ratio). Guidance cut to $11.0B–$11.15B.