Weekly Roundup: Lululemon Slumps, Deere Rallies, Tesla's Underwhelming Cybercab Launch | Stock...
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Today's biggest winners and losers in the stock market. On this episode of Stock Movers, we take a look at some of the week's biggest gainers and decliners: - Lululemon (LULU) lowered its full-year outlook for a second straight quarter, signaling deep challenges for incoming Chief Executive Officer Heidi O’Neill. Sales are now projected to be in a range of $10.35 billion to $10.5 billion in the current fiscal year that ends in early 2027. That’s down from June’s annual forecast, which was itself reduced from the previous view. The company also trimmed its outlook for earnings per share. The stock fell 18% at 6:03 p.m. in extended trading in New York. Lululemon shares have declined more than 40% this year through Thursday’s close, and their value is less than a quarter of their peak in late 2023. Meanwhile, Chip Wilson, the billionaire founder of Lululemon Athletica, is divorcing from Shannon “Summer” Wilson, his wife and business partner of more than 20 years, who was one of the appa
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