Lululemon reported disappointing second-quarter results, with revenue down 4% year-over-year and comparable sales down 9%. The company also lowered its full-year guidance, now expecting net revenue between $10.35 billion and $10.5 billion, down from the previous forecast of $11 billion to $11.15 billion. Full-year earnings per share (EPS) are projected to be $9.48 to $9.73, compared to the prior expectation of $10.95 to $11.15.