Lululemon stock heads into the open after a 17.4 percent drop

At the close on September 4, 2026, Lululemon stock finished at USD 100.61 on the Nasdaq, down 17.4 percent. The move followed a weaker second quarter and a lower outlook, while CNBC said Jim Cramer still would not buy the shares.

Lululemon stock closed at USD 100.61 on the Nasdaq on September 4, 2026, down 17.4 percent. The drop followed a sharp reset in expectations after the company cut its outlook.

September 4, 2026 in numbers

Lululemon Athletica Inc. (ISIN CA5500211090, Nasdaq: LULU) fell from USD 121.77 on September 3, 2026 to USD 100.61 on September 4, 2026, a loss of USD 21.16 per share. Morningstar reported that the company said Americas comparable sales fell 12 percent and leggings sales declined about 20 percent in the second quarter, after management told investors on September 3, 2026 that Q2 revenue came in below expectations. CNBC said Jim Cramer pointed to a weak competitive backdrop and a lowered full-year outlook. The stock finished the session more than 17 percent below the September 3 close and more than 80 percent below its December 2023 record high.

Today ahead of the open

CNBC reported that Cramer said he would not buy the shares after last week's results and outlook cut. The new chief executive, Heidi O'Neill, has already taken over, and investors are likely to focus on whether the market gets further commentary after the selloff.