Premium yogawear retailer Lululemon Athletica, still recovering from an embarrassing recall of excessively see-through yoga pants, trimmed its outlook for full-year sales and profits on Thursday, sending its shares lower.
Lululemon said it expected mid single-digit comparable-store sales growth during the third quarter. That is down from the company's heyday, when sales rose 10 percent and more from one quarter to another.
Its shares fell some 7 percent to $64.09 on Nasdaq, even though second-quarter results came in above analysts' forecasts.
The third quarter was off to a weak start due to late deliveries of autumn products, a hangover from the disruption caused by the recall of its Luon pants, the company's signature item, Lululemon said during a conference call with analysts.
(Read more: Lululemon chairman sold stock before CEO's departure)