Reported about 5 hours ago
Lululemon's stock plummeted nearly 18% after the company reduced its sales outlook due to weak U.S. demand and increased tariffs, resulting in over a 50% drop in share value this year. The athletic apparel retailer forecasted full-year sales between $10.85 billion and $11 billion, down from earlier estimates, as same-store sales only rose by 1%, below analyst expectations.
Source: YAHOO