lululemon athletica inc.

Registration Deadline:

10/07/2024

Submit Your Information

A securities class action has been filed in the USDC — S.D.N.Y. against lululemon athletica inc. (LULU) (“Lululemon” or the “Company”), on behalf of all persons or entities that purchased or otherwise acquired Lululemon securities between December 7, 2023 and July 24, 2024, both dates inclusive (the “Class Period”).

 

Lululemon is principally a designer, distributor, and retailer of technical athletic apparel, footwear, and accessories. The Company reports sales and revenue in three geographic segments: Americas, China Mainland, and Rest of World. The Americas represent the majority of the Company’s revenue, representing 79% of net revenue in fiscal year 2023, 94% of net revenue in fiscal year 2022, and 85% of net revenue in fiscal year 2021.

 

The complaint alleges throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors:

(1) that the Company was struggling with inventory allocation issues and color palette execution issues;

(2) that, as a result, the Company’s Breezethrough product launch underperformed;

(3) that, as a result of the foregoing, the Company was experiencing stagnating sales in the Americas region; and

(4) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis, thereby harming investors.

 

 

If you purchased Lululemon securities during the class period and would like to receive more information or join the action, please enter your contact information below for a FREE consultation and click “Submit Your Information”.

 

About Lowey Dannenberg

Lowey Dannenberg is a national firm representing institutional and individual investors, who suffered financial losses resulting from corporate fraud and malfeasance in violation of federal securities and antitrust laws. The firm has significant experience in prosecuting multi-million-dollar lawsuits and has previously recovered billions of dollars on behalf of investors.

If you suffered a loss on your investments or would like to inquire about joining an action to recover your loss under the federal securities laws, please complete the form below.

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