Key Points Lululemon shares trade at a forward price-to-earnings ratio substantially below the market. Management has cut earnings guidance for fiscal 2025 as tariffs negatively impact the business. However, the athleisure clothing maker has a premium brand that supports continued, strong profits. 10 stocks we like better than Lululemon Athletica Inc. › It has been a terrible year for Lululemon Athletica (NASDAQ: LULU) investors. Shares in the athleisure pioneer are down 54% in 2025 (as of Sept. 2 ...