Lululemon Athletica Inc. (LULU) announced after the bell Monday the recall of its signature black Luon fabric yoga pants and crops from stores, showrooms and online website. The company lowered its revenue and comparable-store sales guidance for the first quarter after the recall that stemmed from the detection of fabric quality issues.
Lululemon Athletica gapped open sharply lower Tuesday, but recovered some ground late in the afternoon. Shares finished down by 1.82 at $64.08, with volume at a 9-month high. The stock dropped to nearly a 7-month low.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.