Is Lululemon Athletica a Buy After Its Latest Earnings Report?

Lululemon reported Q1 earnings that met expectations but disappointed investors with weak forward guidance. The company faces significant headwinds including declining North American sales (-5% comps), tariff impacts, and gross margin compression. While international markets showed strength (+13% comps), the stock fell 11% after hours. New CEO Heidi O'Neill arrives in September, and the analyst recommends waiting for her strategy before investing.