Lululemon reported an 8% decline in its shares after issuing a profit warning. The company attributed the sales weakness in part to an increase in negative commentary across media and social platforms.
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Lululemon shares decline 8% following profit warning
Lululemon's shares fell by 8% following a profit warning. The company indicated that part of the sales decline was due to increased negative commentary in media and social platforms.
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Original Headline
Lululemon shares tank 8% as investors rattled by profit warning: ‘Brand momentum is fading’
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Lululemon shares decline 8% following profit warning