Lululemon Athletica (NASDAQ: LULU) has seen significant success since its 2007 IPO, with a 1,090% jump in stock value. However, this year, the stock has plummeted by 57%, making it one of the worst performers in the S&P 500.

The company is facing challenges in its core North American market, with flatlining sales and a 4% drop in comparable sales. Management admitted to a lack of execution, leading to weaker sales, and had to revise its guidance due to tariff impacts.

To address its issues, Lululemon plans to refresh its product offerings, increase new styles, and improve design capabilities. Despite recent struggles, the company is optimistic about its growth potential, particularly in international markets like China.

Investors have the opportunity to purchase Lululemon stock at a discounted price, as its price-to-earnings valuation is currently low. While there may be short-term challenges, the company’s growth trajectory and potential for recovery make it an appealing investment opportunity.

Read more at Yahoo Finance: What to Know Before Buying Lululemon Stock