Quick Read Lululemon (LULU) trades at 14x forward earnings after falling 50% to $192.47. Lululemon beat Q3 estimates with $2.59 EPS and $2.57B revenue. BTIG maintains a $303 price target. Nike (NKE) declined 11% over the past year but stabilized with 1.5% year-to-date gains. A recent study identified one single habit that doubled Americans’ retirement savings and moved retirement from dream, to reality. Read more here. Shares of Lululemon (NASDAQ:LULU) are trading at $192.47 after a brutal 50% ...

Lululemon Athletica, Inc. (NASDAQ:LULU) founder Chip Wilson has launched an attack on the company's board of directors, labeling recent quality control issues with the brand's product lines as a “new low” for the yoga-wear giant.LULU stock is sliding. See the chart and price action here. In a viral LinkedIn post, Wilson — who stepped down from the company years ago but remains its largest individual shareholder — did not hold back. He pointed directly to the board's management as the root cause of what he d ...

Core Insights - Lululemon's founder Chip Wilson criticized the company's recent recall of the "Get Low" leggings, labeling it a "new low" and a "total operational failure" attributed to the board's shortcomings [1][2] - Wilson expressed concerns that Lululemon has lost its status as a leader in technical apparel and has been affected by a lack of experience and focus on product quality from the board [2] - The recall follows a previous incident in July 2024 when the "Breezethrough" product line was also pulled due to customer complaints, indicating ongoing execution issues within the company [3] Financial Performance - Lululemon's stock price has decreased approximately 10% over the past five days and has fallen over 50% in the last year [4] - Analysts from Jefferies noted that the recent recall raises concerns about the company's innovation capabilities and premium market positioning [3] Historical Context - This is not the first recall for Lululemon; in 2013, the company recalled 17% of its pants due to sheerness issues, which was attributed to manufacturing errors [4] - Wilson has a history of publicly criticizing the company since leaving the board in 2015, including comments on the company's succession plan and leadership trajectory [5]