Lululemon shares drop more than 12% on mixed quarterly results, tariff profit hit

Financial Performance - Revenue missed expectations, coming in at $253 billion versus the expected $254 billion [1] - EPS beat expectations at $310 versus $288 [1] - Q3 EPS guidance is in the range of $218 to $223, while the street expected $293 [1] - Full year EPS guidance is in the range of $1277 to $1297, below the street estimate of $1445 [2] - Full year revenue guidance is $1085 billion to $11 billion, also light of the $1118 billion expected [2] - Gross margin came in at 585%, a slight beat against the analyst consensus of 576% [3] Market Dynamics & Challenges - Same store sales missed expectations at 1% versus the street's expectation of 22% [2][3] - The company is building the headwind of tariffs into its numbers [2] Stock Performance - Shares are down about 11% after missing on revenues [1] - Shares are down more than 12% [3]