Lululemon shares plunge after Q2 revenue drop, guidance cuts
Lululemon shares fell 17.7% in the afternoon session after the company reported a decline in second-quarter net revenue and slashed full-year sales and profit guidance.
What Happened? Shares of athletic apparel retailer Lululemon NASDAQ:LULU fell 17.7% in the afternoon session after the company reported a decline in second-quarter net revenue and slashed its full-year sales and profit guidance.
According to the company's press release, Lululemon reported net reven…