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NIKE, Inc. (NYSE:NKE) reported first-quarter revenue of $11.21 billion on October 1, down 4%, and guided full-year revenue to fall by a high single-digit percentage. lululemon athletica inc. (NASDAQ:LULU) closed at $95.86 the same day, each having lost close to half its value over twelve months. READ ALSO: Nike (NKE):…
Find the latest lululemon athletica inc. (LULU) stock quote, history, news and other vital information to help you with your stock trading and investing.
Nike is cratering on earnings while rivals Lululemon and On Holding barely flinch, raising a pointed question about whether the sportswear giant is fighting a problem unique to itself or simply the first to feel an industry-wide reckoning.