LULU earnings - someone phone Burry and make sure he’s ok?

The company now expects fiscal 2026 revenue to decline 5% to 7%, compared with its prior forecast ⁠of revenue remaining flat or declining up to 1%. That’s bad. That’s really bad. I’m a Nike shareholder and it worries me that Lululemon sales are getting hammered this hard but at the same time I specifically went with Nike and not Lululemon because I have more faith in Nike turning things around. Burry is obsessed with Lululemon profitability outperforming peers including Nike but that doesn’t matter if revenue is going to keep declining in the Americas and eventually internationally too. Lululemon hasn’t stood the test of time. It’s a fairly new company that has a limited range of product and a revenue stream that is incredibly narrow compared to Nike’s diversified revenue model. Sportswear, athletic apparel and footwear have had major headwinds in the past five years. Footlocker was struggling and still is under Dick’s ownership. On Running enjoyed the free shelf space due to a misguided Nike direct to consumer strategy but now that Nike is reconnecting with past wholesale partners, On Running is starting to struggle. Decker’s Brands are doing OK but they will face hard times too sooner or later which the depressed stock price is showing. ASICS is the exception. They’ve done exceptionally well. But everyone else is struggling. BUT and here is the huge BUT. People will still buy sportswear, athletic apparel and footwear in the future. This isn’t Blockbuster or Nokia death due to a dying industry that’s transforming from one thing to another. No technology is being replaced. So Nike will survive. And Adidas will survive. And probably the rest as well but I sure like to place my bet on the biggest and strongest to survive- and that’s Nike and Adidas. Why did I pick Nike stock over Adidas? It just seems like the best deal. Nike is 40 % off since January 2. I like the idea of buying something now that’s 40 % cheaper than what others paid just a little over a half a year ago. I guess I should buy LULU tomorrow and rejoice in the fact that I get it 15-20 % cheaper than the people who bought yesterday. But I won’t- because I’m honestly not sure Lululemon will get back to its glory days no matter how good their profit margins are. I’ll stick with Nike. If anyone can ride out the storm that this industry is in, it’s Nike.