Lululemon stock plunges 20% on disappointing earnings and outlook

Lululemon stock declined sharply in premarket trading on Friday following the retailer’s announcement of disappointing second fiscal quarter results and reduced full-year outlook. The company reported revenue that declined 4% and comparable sales that fell 9% for the period, marking another challenging quarter in an ongoing stretch of weak performance.
Interim CEO Meghan Frank attributed some of the downturn to negative social media commentary affecting customer perception, alongside slow