Investors Accuse Lululemon Of Securities Law Violations

Lululemon Athletica Inc. Accused of Misleading Investors

Investors Accuse Lululemon of Securities Law Violations

Shareholders Encouraged to Contact Levi & Korsinsky

Levi & Korsinsky, LLP announces that a class action lawsuit has been filed on behalf of investors who purchased Lululemon Athletica Inc. (NASDAQ: LULU) securities between March 27, 2019 and June 8, 2023.

The lawsuit alleges that Lululemon made materially false and misleading statements and/or failed to disclose material adverse facts about the Company's business, operations, and prospects.

Specifically, the lawsuit alleges, among other things, that Lululemon failed to disclose that: (a) the Company was experiencing a rapid decline in its core leggings business; (b) the Company's inventory was increasing at a concerning rate; and (c) the Company was facing increasing competition from lower-priced retailers.

As a result of these alleged misstatements and omissions, the lawsuit claims that investors suffered significant losses.

If you suffered a loss on your investment in Lululemon, you may be eligible to participate in this class action lawsuit. You are encouraged to contact Levi & Korsinsky for more information: +1-800-637-1061.

Lululemon's Alleged Misleading Statements

In May 2022, Lululemon announced that its first-quarter earnings per share would be "at the low end" of its guidance range.

In June 2022, Lululemon announced that its second-quarter earnings per share would be "below the low end" of its guidance range.

In July 2022, Lululemon announced that its third-quarter earnings per share would be "significantly below" its guidance range.

Lululemon's Stock Performance

Lululemon's stock price has fallen by more than 50% since its peak in November 2021.

The Company's market capitalization has decreased by more than $30 billion.

Hold Lululemon Accountable

If you suffered a loss on your investment in Lululemon, you may be eligible to participate in this class action lawsuit. You are encouraged to contact Levi & Korsinsky for more information: +1-800-637-1061.