Why did LULU move on Jun 4, 2026?

Lululemon's stock plunged 13% after the market close on June 4, 2026, driven by disappointing guidance issued alongside its fiscal first-quarter earnings report. Although the company posted a slight EPS beat for the quarter, it issued second-quarter EPS guidance of $1.76 to $1.81, which fell far short of the $2.69 analyst estimate [1]. Additionally, the company cut its full-year net revenue forecast below market expectations, further fueling the sharp sell-off [2].