Lululemon’s shares plummeted by 20% after the company announced a reduction in its full-year earnings guidance, citing a challenging macroeconomic environment. Despite beating Wall Street expectations for its fiscal first-quarter earnings, the athletic apparel giant expressed concerns about the impact of tariffs and a potentially slowing U.S. economy. CEO Calvin McDonald emphasized the company’s commitment to leveraging its financial strength while investing in growth opportunities. Lululemon expects its full-year earnings per share to range between $14.58 and $14.78, down from the previous forecast of $14.95 to $15.15. This adjustment aligns with trends observed across the retail sector, where companies are reassessing their outlooks due to tariff-related uncertainties. — new from CNBC
