BUZZ-Lululemon falls after cutting annual forecasts

lululemon athletica inc.

lululemon athletica inc.

LULU

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** Shares of athleisure brand Lululemon LULU.O fall 10% to $112.6 in extended trading

** Company expects FY26 revenue in the range of $11 billion to $11.15 billion, compared with its prior forecast of $11.35 billion to $11.50 billion

** Forecasts Q2 revenue between $2.45 billion and $2.48 billion, compared with analysts' average estimate of $2.60 billion - data compiled by LSEG

** LULU expects full-year EPS between $10.95 and $11.15, compared with its prior forecast of $12.10 to $12.30

** Shares down ~40% YTD