Lululemon Stock Plummets 22% in Late Trading on Cut Guidance. Tariffs Are to Blame.

Lululemon Stock Plummets 22% in Late Trading on Cut Guidance. Tariffs Are to Blame. · Barrons.com

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Lululemon Athletica’s fiscal first quarter topped earnings and sales expectations, but the stock was tumbling in after-hours trading because the company lowered profit guidance for the year and posted weak same-store sales growth. The athletic-apparel maker reported earnings of $2.60 a share for the quarter ended May 4. Lululemon shares were down 22% in after-hours trading Thursday.