According to CoinMeta, the second-quarter financial report released by Lululemon showed net revenue of $2.42 billion, which was lower than the analysts' forecast of $2.46 billion, resulting in a 18.17% decline in the stock price during after-hours trading. The company also lowered its full-year revenue forecast, expecting net revenue to decline by 10% to 11% in the third quarter. Lululemon also pointed out that weak demand in North America and mixed reactions to the launch of new products were the main reasons for the decline in performance.