Lululemon Shares Plunge 17% As Guidance Cut Overshadows Q2 Profit Beat

Core Insights - Lululemon Athletica shares fell over 17% after the company reduced its full-year guidance despite reporting a stronger-than-expected second-quarter profit [1] Financial Performance - For the second quarter ended July 28, Lululemon reported an EPS of $3.10, exceeding the consensus estimate of $2.87 [1] - Revenue for the same quarter was $2.53 billion, slightly missing estimates of $2.54 billion [1] Future Projections - For Q3, Lululemon projected EPS between $2.18 and $2.23, and revenue between $2.47 and $2.50 billion, both below market estimates of $2.90 and $2.56 billion respectively [2] - For FY25, the earnings guidance was lowered to a range of $12.77 to $12.97 per share from a previous range of $14.58 to $14.78, compared to the consensus of $14.61 [2] - Revenue forecast for FY25 was adjusted to $10.85 to $11.0 billion, down from prior guidance of $11.15 to $11.30 billion and below the consensus of $11.2 billion [2]