Squawk on the Street
11AM Hour: Perplexity CEO, Former Richmond Fed President on Jobs Number & Lululemon Shares Plunge 9/4/26
What was said
The work we've done kind of shows that there are no soft line brands that have ever gone through a turnaround that did not require greater than 10% revenue decline from peak and more than four years of work. So my comment would be this is going to take a lot of time.