Lululemon Athletica Lowers Earnings Forecast due to Expected Cost Increases From U.S. Tariffs

The company is expected to face higher costs due to planned U.S. tariffs on products from some of its key sourcing countries, including Vietnam, Cambodia, and Sri Lanka. Lululemon Athletica has lowered its earnings forecast for the current fiscal year. The reason for this is the rising costs caused by new U.S. tariffs on imports from countries like Vietnam and Cambodia. These countries are central production locations for Lululemon. The tariffs could significantly increase production costs and impact the company's profit margins. The new tariffs...