Lululemon's stock plummeted over 17% after the company lowered its full-year earnings guidance, citing tariffs, decreased US store visits, and increased competition. CEO Calvin McDonald acknowledged the negative impact of tariffs and slowing US growth, while CFO Meghan Frank announced modest price increases on some items. Despite the downturn, Lululemon maintains a strong financial position with substantial cash reserves. The company joins others like Gap in experiencing financial strain due to the ongoing trade war.

Prepared by Christopher Adams and reviewed by editorial team.