The athletic wear retailer has racked up a string of earnings beats, so investors likely have high expectations for the Q1 report.
To hit its five-year growth goal, the popular athletic apparel business will need to win a few rounds against a formidable opponent.
Week to date, shares of Lululemon Athletica (NASDAQ: LULU) were down 10.9% as of 9:58 a.m. ET on Friday, according to data provided by S&P Global Market Intelligence. The sector has been sinking since Tuesday, when Walmart released disappointing earnings results. Over the last month, Lululemon's stock price has fallen 33%, underperforming the 20.3% decline in the SPDR S&P Retail ETF.