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Today is Friday, June 5, 2026.
The Early Bird Index today is 92.02.
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Lululemon's “Headwinds” 🧘
Concerns about the rest of the year overshadowed the financial results from Lululemon Athletica $LULU ( ▼ 0.88% ) on Thursday, sending the stock down 11.30% in after-hours trading.
Financials: Lululemon reported earnings of $1.69 per share in the past quarter and revenue of $2.47 billion. Both were better than expected.
Details: Overall sales in America fell 3%. The gross profit fell 3%. And income from operations plunged 37%
Powering the Story: To make matters worse, Lululemon’s financial outlook was also lower than expected. Lululemon anticipates a 3% to 2% sales decline in the current quarter, while also expecting full-year revenue to fall 1% to 0%.
Quote: “More recently, we have been navigating headwinds that have led us to adjust our outlook for the full year.” - Meghan Frank, CFO and Interim Co-CEO.
Early Bird’s Nest Egg Gains: Lululemon’s “headwinds” in 2026 appear to be a mix of demand, product, and cost pressures: softer U.S. sales, weaker product freshness, more competition, and tariffs raising expenses.
The company also cited negative brand commentary and poor product execution.
Final Thoughts: It’s been an ugly year for Lululemon, with the stock previously down 40%.
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Notables
Notable Earnings Today: ABM Industries (NYSE: ABM), G-III Apparel Group (Nasdaq: GIII).
Notable IPOs Today: WhiteHawk Minerals Corp. (NYSE: WHK), FutureCorp Space Acquisition 1 (NYSE: FTRA), Innovative Digital Investors Acquisition Corp. Unit (Nasdaq: IDIAU), Oceanhawk Acquisition Corp. Class A Ordinary Shares (Nasdaq: OHAC).
Notable Equity Crowdfunding Campaigns Ending Today: N/A.
Notable Economic Events Today: Unemployment Rate (8:30 a.m. ET), Average Hourly Earnings (8:30 a.m. ET), Nonfarm Payrolls (8:30 a.m. ET), Labor Force Participation Rate (8:30 a.m. ET), Average Hourly Earnings (8:30 a.m.), Consumer Credit (3:00 p.m. ET).
Solana Plunges to 2023 Lows
Most major cryptocurrency prices slipped a bit on Thursday, but it was Solana $SOL ( ▼ 3.3% ) that fared the worst with a decline of roughly 3%.
Details: Solana has lost 17% of its value since June started. It has fallen below $70 in value, Solana’s lowest price since late 2023.
Powering the Story: Solana is down in June mainly because of a broader crypto risk-off move, heavy liquidation pressure, and fresh outflows from Solana-related ETF (exchange-traded fund) products.
Bigger Picture: It’s not a Solana-specific network problem right now. This is more like a market structure and sentiment reset in crypto.
Final Thoughts: Solana is down about 45% in 2026. Broad crypto weakness has been a major challenge.
ServiceTitan’s Strong Results
Cloud-based software company ServiceTitan $TTAN ( ▲ 2.34% ) surged 14.89% in after-hours trading on Thursday after posting strong financial earnings results.
Financials: ServiceTitan reported earnings of 37 cents per share in the past quarter and revenue of $268.8 million. Both were better than expected.
Final Thoughts: It’s a comeback for ServiceTitan. The stock had previously dropped nearly 27% to start 2026.
Trends to Watch
Staying Put: SpaceX tells banks it won't move its $135-a-share IPO price (Reuters)
No Fast Track: Surprise! S&P will not change its rules to get SpaceX in early (Axios)
More Tech Layoffs: Google is quietly laying off staff in its cloud division (Business Insider)
Gloomy: 'Dr. Doom'-backed Atlas Capital CEO says bitcoin could crash 70% before reaching $500,000 (CoinDesk)
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The contents of Early Bird are intended for informational and entertainment purposes only. They do not constitute trade or investment recommendations, and they are not financial or legal advice. Readers are encouraged to consult licensed professionals for personalized guidance regarding their financial or legal situations.
