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.

Shares of Lululemon Athletica (NASDAQ: LULU) plunged 20% following the release of its first-quarter earnings report, which disappointed investors with weaker-than-expected comparable sales and a trimmed outlook for the remainder of the year.

Shares of Lululemon Athletica sank 20% Friday after the apparel maker's second-quarter outlook came in below estimates, and the company also cut its full-year profit forecast.

Lululemon’s stock were set to tumble Friday, after the athleisure-wear maker cut its full-year profit outlook and offered a second-quarter forecast that came up short of Wall Street’s expectations.

The apparel maker’s stock fell nearly 20% after the company lowered its earnings forecast, citing the trade war and a pullback in consumer spending.