Lululemon Reports Mixed Q2 Earnings, Cuts Outlook; Birkenstock Misses Earnings Despite Record Revenue

Lululemon Athletica Inc. reported a mixed second-quarter earnings report, leading to a downward revision of its outlook. While the company's revenue and profits increased, primarily due to a boost in international sales, a slowdown in the women's segment has negatively impacted growth in North America. Analysts noted that despite the disappointing sales figures, their outlook on Lululemon's stock remains unchanged. In contrast, Birkenstock Holdings faced challenges after missing earnings expectations, despite achieving record revenue. The market reaction to both companies highlights the ongoing struggles within the retail sector, particularly in the apparel industry.