From Financial Modeling Prep: 2025-03-28 08:00:00

Raymond James downgraded Lululemon (NASDAQ:LULU) from “Buy” to “Market Perform” due to slowing growth, causing shares to drop nearly 13% in premarket trading. The company’s fiscal 2025 sales forecast of $11.15 billion to $11.3 billion aligns with analyst expectations but faces challenges from declining consumer confidence.

CEO Calvin McDonald highlighted economic concerns affecting consumer spending during an earnings call. Despite positive responses to innovations, Lululemon faces reduced traffic and industry challenges. The stock price currently sits at $341.53, reflecting a 1.11% increase. With a market cap of $39.85 billion, LULU’s forecasted sales may be impacted by broader economic uncertainties.



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