05:46 AM EDT, 09/05/2025 (MT Newswires) -- (Updates with the latest stock price movement in the headline and the first paragraph.)

Lululemon Athletica ( LULU ) shares were down 18% in recent premarket activity Friday after the company overnight lowered its full-year financial outlook.

The company reported fiscal Q2 net income late Thursday of $3.10 per diluted share, down from $3.15 a year earlier.

Analysts polled by FactSet expected $2.86.

Net revenue for the quarter ended Aug. 3 was $2.53 billion, up from $2.37 billion a year earlier.

Analysts surveyed by FactSet expected $2.54 billion.

The company expects Q3 diluted EPS of $2.18 to $2.23 on revenue of $2.47 billion to $2.50 billion.

Analysts surveyed by FactSet expect $2.88 and $2.56 billion, respectively.

The company said it now expects full-year diluted EPS of $12.77 to $12.97 on revenue of $10.85 billion to $11 billion. The previous guidance was EPS of $14.58 to $14.78 and revenue of $11.15 billion to $11.30 billion.

Analysts polled by FactSet expect EPS of $14.40 on revenue of $11.19 billion.