Is Lululemon Stock a Buy as It Sinks to $96 per Share? Here's My Honest Answer.

Lululemon's stock has crashed from a record high of $511.29 in December 2023 to $96, driven by slowing revenue growth, declining comparable store sales, and weak women's apparel sales in North America amid competition from brands like Alo Yoga and Vuori. The company expects fiscal 2026 revenue to decline 5-7% and EPS to drop 27-29%. While the stock appears cheap at less than 10x earnings, the analyst advises against buying it as a turnaround play due to persistent macro and competitive headwinds.