Lululemon -15%: Canadian Flagship Brand Misses Q2, Revises Outlook
Financial Post reported Lululemon posted a drop in Q2 sales and revenue and revised its full-year outlook, sending shares down 15%. For TSX-exposed consumer names — including Aritzia, Canada Goose, and Roots — the read-through is that premium Canadian lifestyle brands are facing a simultaneous squeeze from US consumer softness and CAD-denominated cost structures. BoC's rate trajectory matters here: if BoC cuts before the Fed, CAD weakness adds a further margin headwind for Canadian brands with US manufacturing inputs.
Read at Financial Post ↗