Yoga pants darling Lululemon is feeling the economic pinch as U.S. consumers tighten their belts. The company has reported that spending is down, with inflation and economic concerns taking a toll on sales.

Key takeaways:

• Recent reports indicate a significant drop in consumer spending.
• Lululemon's stock has stumbled, dropping more than 10% amid weak sales guidance.
• Despite the struggles, the company did exceed Q4 earnings estimates.

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