Lululemon Beats, Cuts Earnings Guidance
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quarter earnings ThursdayCNBC
•Entertainment
Entertainment
Lululemon shares tumble 20% as it cuts full-year guidance, citing 'dynamic macroenvironment'

83% Informative
Lululemon beat Wall Street expectations for fiscal first-quarter earnings, but cut full-year earnings guidance.
Shares of the apparel company plunged about 20% in extended trading.
CEO Calvin McDonald : "We intend to leverage our strong financial position and competitive advantages" Gap, which owns Athleta , reported last week that it expects tariffs to impact its business by $100 million to $150 million .
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