This Once-Booming Stock Is Down 78% From Its All-Time High. Here's 1 Reason to Consider Buying Now.

Lululemon Athletica has plummeted 78% from its December 2023 peak, with Q1 FY2026 revenue growth slowing to 4% and U.S. sales declining 4%. However, the stock now trades at a forward P/E of 10.6 (less than half the S&P 500's multiple) with robust 54.2% gross margins and strong brand equity, making it potentially attractive for patient long-term investors.