Lululemon’s stock is on pace for one of its biggest routs in history after the athleisure maker warned that tariffs will dent its profit.

Lululemon Athletica late Thursday cut its profit forecast and said it planned to raise prices, as tariffs threaten the clothes company's supply chain. The maker of yoga pants and other athletic wear said it now expects earnings of $14.

Key Takeaways Lululemon shares fell sharply Friday as the company's profit forecasts disappointed.The apparel maker forecast second-quarter sales and profits below estimates, and cut its full-year profit projections.