Lululemon shares plummeted after giving a disappointing full-year outlook, citing expected tariff impacts of $240 million. Second-quarter earnings beat estimates, but revenue fell slightly short. CEO Calvin McDonald expressed disappointment in U.S. business results. Shares dropped over 10% after hours, with stock down 45% this year. Third-quarter revenue and earnings projections also fell below expectations.

Read more at CNBC: Lululemon (LULU) Q2 2025 earnings