Lululemon Cuts Its Outlook as Sales Slow and Tariffs Squeeze Profits. Its Stock Is Plunging
1. Lululemon shares dropped nearly 18% after lowering its financial outlook. 2. Company cut full-year sales forecast due to weak U.S. demand and tariffs. 3. Same-store sales growth of only 1% did not meet analysts' expectations. 4. CEO and CFO highlighted challenges from tariffs and product execution issues. 5. Jefferies analysts predict worsening conditions in the market through year-end.