Lululemon’s Newest Bear Sees More Pain Ahead After 81% Rout
Summary
BMO Capital Markets initiated coverage of Lululemon with an underperform rating, warning that the athleticwear company faces a difficult turnaround. The firm points to lost market share and worsening sales declines as key obstacles.
Lululemon’s core problem is competitive erosion, not merely a weak cycle, which makes a rapid
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The warning suggests Lululemon’s valuation may still assume a recovery that its operating performance has not yet earned.