Competitive LandscapeThe print underscored long-term concerns around the stock, including an intensifying competitive landscape, potential home market saturation, limited international opportunity, and markdown/marketing/SG&A deleverage risk.
Financial PerformanceLULU announced a mixed 2Q, with revenue falling short of expectations and U.S. growth turning negative for the first time in several years.
Inventory And MarkdownsMarkdowns had proven worse-than-expected, with inventory levels rising.