Lululemon stock collapses: Soft sales in China reveal negative impact of viral drum controversy
Shares of Lululemon Athletica (Nasdaq: LULU) are down more than 20% in premarket trading on Friday. The plunge follows a disappointing second quarter earnings report, released by the Canadian apparel company on Thursday. Lululemon’s revenue fell 4% year-over-year (YOY) to $2.4 bill
<p>Shares of Lululemon Athletica (Nasdaq: LULU) are down more than 20% in premarket trading on Friday.
The plunge follows a disappointing second quarter earnings report, released by the Canadian apparel company on Thursday.
Lululemon’s revenue fell 4% year-over-year (YOY) to $2.4 bill</p>