Lululemon Shares Gap Lower After Grim Outlook

Lululemon Athletica Inc (NASDAQ:LULU) are down 18.1% to trade at $168.76 at last check, after the company topped second-quarter earnings expectations but fell short on revenue. Tariffs are hitting the athleisure giant hard, with an estimated impact of roughly $240 million. Same-store sales struggled as well, prompting the retailer to cut its fiscal third-quarter and full-year guidance.The security is on track for its worst day since June 6, backtracking yesterday's gains and pacing for a third monthly loss ...