lululemon athletica (LULU)

Underperform Recap: Q2 FY26

The Last Engine Stalls: Downgrading lululemon to Underperform

Hold Recap: Q1 FY26

Six Weeks Undid the Plan: lululemon Cuts the Year, and the Full-Price Schedule Breaks

Hold Recap: Q4 FY25

Delivered the Quarter, Guided Down the Year: Maintaining Hold on lululemon

Hold Recap: Q3 FY25

Beat Was Real, the Rally Was About the Exit: Initiating lululemon at Hold