Lululemon shares plunge 12% after disappointing full-year outlook

Lululemon shares plunged more than 12% in extended trading Thursday after the company provided a much worse-than-expected full-year outlook. Why it matters: The impact of tariffs and the removal of the de minimis exception are cited as major factors affecting Lululemons sales, as the company faces increasing competition from lower-priced rivals and changing consumer preferences. [] The post Lululemon shares plunge 12% after disappointing full-year outlook appeared first on Techpinions.