Lululemon Athletica Inc.’s showdown with its estranged founder weighed on the retailer’s first quarter so much that it’s revising its forecasts, the company revealed Thursday.
When the apparel maker experienced “spikes of negative commentary” in the media and on social platforms, it had an impact on traffic and the company’s overall performance, interim co-chief executive and chief financial officer Meghan Frank said.
“These stories have died down and subsided, but we have not yet seen a return to our pre,-disruption, I’d say, trends,” Frank told analysts on a call.
As a result, she revealed the company was likely to see net revenue in its fiscal 2026 between US$11
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