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Lululemon shares plunged 20% in extended trading after the company gave a much worse than expected full-year outlook, as tariffs take a bite from its profits.

The company topped second-quarter earnings estimates but slightly missed revenue expectations. It said it expected President Donald Trump's tariffs to hit its full-year profits by $240 million.

Lululemon said it expects full fiscal-year earnings of $12.77 to $12.97 per share, well below Wall Street estimates of $14.45 per share. It also anticipates full-year revenue of $10.85 billion to $11 billion, compared with Wall Street expectations of $11.18 billion.

"We are facing yet another shift today within the industry related to tariffs and the cost of d

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