Lululemon Hits Brakes On New Collection: JPMorgan Lowers Estimates After Innovation Setback
Portfolio Pulse from Surbhi Jain
Lululemon Athletica Inc. (NASDAQ:LULU) has paused sales of its Breezethrough collection due to design flaws, leading JPMorgan to lower its 2024 earnings estimates and remove the stock from its Analyst Focus List. The company's stock faces a revised price target of $338.00 for December 2025, down from $457.00. This setback is expected to impact Lululemon's revenue growth and operating margins.

July 25, 2024 | 12:59 pm
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Lululemon has paused sales of its Breezethrough collection due to design flaws, leading JPMorgan to lower its 2024 earnings estimates and remove the stock from its Analyst Focus List. The company's stock faces a revised price target of $338.00 for December 2025, down from $457.00. This setback is expected to impact Lululemon's revenue growth and operating margins.
The pause in sales of the Breezethrough collection due to design flaws has led JPMorgan to lower its earnings estimates and price target for Lululemon. This is expected to negatively impact the company's revenue growth and operating margins, leading to potential short-term stock price decline.
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