Lululemon Sinks Most Since 2020 on Slowing Growth Outlook

Lululemon Athletica Inc. shares fell the most in five years after a second straight disappointing quarter, fueling concerns that rising competition, new tariffs and a shift away from yoga pants are derailing its ambitious growth plans.

The retailer is projecting sales in the range of $2.54 billion to $2.56 billion for its fiscal second quarter, below the average analyst estimate. Lululemon also forecast quarterly profit well below expectations and trimmed its earnings outlook for the full year.