Lululemon shares fell 18% in after-hours trading Thursday after the athletic-apparel company reported disappointing fiscal second-quarter results and lowered its 2026 revenue outlook. Second-quarter revenue declined 4% year over year to $2.42 billion, while comparable store sales fell 9%. Management now expects 2026 revenue to decrease 5% to 7%, citing weak North American consumer demand and continuing challenges in China. Interim Co-CEO and CFO Meghan Frank called the revised guidance a prudent approach and said the company was focused on product assortments, marketing and cost efficiency. Michael Burry, whose portfolio was 17.4% allocated to LULU, called the stock a "trickster" while saying he would buy more if it fell below $100. LULU had already declined more than 40% in 2026 before the after-hours selloff.