Lululemon shares tumble 20% as it cuts full-year guidance, citing 'dynamic macroenvironment'

Lululemon beat Wall Street expectations for fiscal first-quarter earnings Thursday, but cut its full-year earnings guidance, citing a "dynamic macroenvironment."As the company navigates tariffs and fears about a slowing U.S. economy, CEO Calvin McDonald said in a news release that "we intend to leverage our strong financial position and competitive advantages to play offense, while we continue to invest in the growth opportunities in front of us."Shares of the apparel company plunged about 20% in extended t ...