Michael Burry Sends Shocking Message on Tumbling Lululemon Stock
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Michael Burry Sends Shocking Message on Tumbling Lululemon Stock Nauman Khan Fri, September 4, 2026 at 8:22 AM EDT 1 min read LULU META This article first appeared on GuruFocus . Lululemon Athletica (LULU) fell about 15% in early Friday after its fiscal second-quarter results missed expectations and the company reduced its full-year sales outlook. The sharp decline also affected investor Michael Burry ( Trades , Portfolio ), whose position in the athleticwear retailer represents about 17.4% of his portfolio. Burry said he still owns the shares and could add to his position should the stock fall below $100. Warning! GuruFocus has detected 2 Warning Sign with META. Is META fairly valued? Test your thesis with our free DCF calculator. Burry had anticipated a weak quarter and described Lululemon as a trickster, while noting that the company has faced periods of stress before. He said his approach is to either increase a position after a decline or exit it. The earnings setback reflects weaker demand in China and increasing competition in the U.S. The company also posted a larger-than-expected sales decline, prompting another reduction to its annual outlook. Interim co-CEO Meghan Frank said management is focusing on product development, higher marketing investment and expense control as it works to restore growth. Burry's willingness to buy below $100 may offer some support, but weaker sales and reduced guidance remain key risks.
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