Lululemon closed at $100.61 on Friday, down 17.38% in a single session, approximately 80% below its December 2023 peak of $511.29. The sportswear retailer has cut its 2026 sales forecast from $11.35 billion to $10.35 billion and expects third-quarter sales to decline another 10% to 11%. Founder Chip Wilson is divorcing without a prenuptial agreement, which could affect his 8.7% stake in the company, worth nearly $1 billion at Friday’s close. New CEO Heidi O’Neill starts this week and inherits falling sales and a shrinking North American business.
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