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Lululemon Athletica has revised its full-year earnings guidance downward, citing challenges in its US business. Docusign shares gained 7% after reporting better-than-expected Q2 2026 financial results. Broadcom shares surged 15% after reporting stronger-than-expected Q3 2025 results and receiving $10 billion in orders for custom AI chips. Tesla proposed a historic compensation plan for CEO Elon Musk worth approximately $1 trillion if he meets performance targets over the next decade.
Lululemon Athletica reported mixed financial results for Q2 2026, with revenue growth of 6.5% to $2.53 billion but a net income decline of 5.6% to $370.9 million. The company cited softness in the U.S. market and challenges in managing product cycles as primary reasons for the earnings decline. Lululemon reduced its 2025 revenue guidance to $10.85-$11.00 billion, projecting a 1-2% U.S. revenue decline and 20-25% China growth. CEO Calvin McDonald announced strategic shifts, including increasing new styles to 35% of the product assortment, to address U.S. demand challenges [1].
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