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Lululemon Athletica

LULU · Consumer Discretionary

Last earnings Sep 3, 2026

Key results

Revenuequarter

4%

ANNOUNCES SECOND QUARTER FISCAL 2026 RESULTS Revenue decreased 4% to $2.4 billion, or decreased 5% on a constant dollar basis Comparable sales decreased 9%, or 10% on a constant dollar basis Diluted EPS of $2.92 (1) Vancouver, British Columbia September 3, 2026 lululemon athletica inc.

SEC original ↗Lululemon Athletica — Earnings release (8-K exhibit)EX-99Sep 3, 2026

Comparable revenuequarter

5%

ANNOUNCES SECOND QUARTER FISCAL 2026 RESULTS Revenue decreased 4% to $2.4 billion, or decreased 5% on a constant dollar basis Comparable sales decreased 9%, or 10% on a constant dollar basis Diluted EPS of $2.92 (1) Vancouver, British Columbia September 3, 2026 lululemon athletica inc.

SEC original ↗Lululemon Athletica — Earnings release (8-K exhibit)EX-99Sep 3, 2026

EPSquarter

10%

ANNOUNCES SECOND QUARTER FISCAL 2026 RESULTS Revenue decreased 4% to $2.4 billion, or decreased 5% on a constant dollar basis Comparable sales decreased 9%, or 10% on a constant dollar basis Diluted EPS of $2.92 (1) Vancouver, British Columbia September 3, 2026 lululemon athletica inc.

SEC original ↗Lululemon Athletica — Earnings release (8-K exhibit)EX-99Sep 3, 2026

Net revenuequarter

4%

For the second quarter of 2026, compared to the second quarter of 2025 Net revenue decreased 4% to $2.4 billion, or decreased 5% on a constant dollar basis.

SEC original ↗Lululemon Athletica — Earnings release (8-K exhibit)EX-99Sep 3, 2026

Americas net revenue decreased 8%.

SEC original ↗Lululemon Athletica — Earnings release (8-K exhibit)EX-99Sep 3, 2026

International net revenue increased 4%, or 2% on a constant dollar basis.

SEC original ↗Lululemon Athletica — Earnings release (8-K exhibit)EX-99Sep 3, 2026

Gross marginquarter

60.5%

Gross profit decreased 1% to $1.5 billion and gross margin increased 200 basis points to 60.5%.

SEC original ↗Lululemon Athletica — Earnings release (8-K exhibit)EX-99Sep 3, 2026

This includes $134.5 million of tariff refunds (1) which increased gross margin by 560 basis points.

SEC original ↗Lululemon Athletica — Earnings release (8-K exhibit)EX-99Sep 3, 2026

Operating marginquarter

18.8%

Income from operations decreased 13% to $453.7 million and operating margin decreased 190 basis points to 18.8%.

SEC original ↗Lululemon Athletica — Earnings release (8-K exhibit)EX-99Sep 3, 2026

The tariff refunds (1) of $134.5 million increased operating margin by 560 basis points.

SEC original ↗Lululemon Athletica — Earnings release (8-K exhibit)EX-99Sep 3, 2026

AI analysis

Q2 FY2026 · reported Sep 3, 2026

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

Gross margin · Q2 FY2026
60.5%
EX-99 · Sep 3, 2026
Operating margin · Q2 FY2026
18.8%
EX-99 · Sep 3, 2026

Headline figures

MetricQ2 FY2026Prior qtrYear ago
Revenue4%——
Comparable revenue5%——
EPS10%——
Net revenue4%——
Gross margin60.5%——
Operating margin18.8%——

EX-99 · Sep 3, 2026

Guidance · company-stated

Diluted earnings per share

“are expected to be in the range of $0.93 to $0.98”

tax rate

“of approximately 30%”

net revenue$10.350 billion

Guidance stated in the release's Business Outlook table for the third quarter of 2026; no direction stated — figures as stated in the table.

Next earningsNo verified date on fileNo date is estimated or imported

Margin

Gross margin60.5%
Operating margin18.8%

Capital allocation

The Company repurchased 2.7 million of its shares for a cost of $330.0 million.

The outlook does not reflect any future repurchases of the Company's shares.

General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

ANNOUNCES SECOND QUARTER FISCAL 2026 RESULTS

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

Guidance & outlook

Diluted earnings per share: “Diluted earnings per share are expected to be in the range of $0.93 to $0.98”

tax rate: “tax rate of approximately 30%”

net revenue: “net revenue to be in the range of $10.350 billion to $10.500 billion”

Diluted earnings per share (“the third quarter of 2026”)
“Diluted earnings per share are expected to be in the range of $0.93 to $0.98”

tax rate (“the third quarter of 2026”)
“tax rate of approximately 30%”

net revenue (“the third quarter of 2026”)
“net revenue to be in the range of $10.350 billion to $10.500 billion”

Guidance stated in the release's Business Outlook table for the third quarter of 2026; no direction stated — figures as stated in the table.

Capital allocation

The Company repurchased 2.7 million of its shares for a cost of $330.0 million.

SEC original ↗Lululemon Athletica — Earnings release (8-K exhibit)EX-99Sep 3, 2026

The outlook does not reflect any future repurchases of the Company's shares.

SEC original ↗Lululemon Athletica — Earnings release (8-K exhibit)EX-99Sep 3, 2026

1 Balance Sheet Highlights The Company ended the second quarter of 2026 with $1.4 billion in cash and cash equivalents and it had $593.7 million of available capacity under its committed revolving credit facility.

SEC original ↗Lululemon Athletica — Earnings release (8-K exhibit)EX-99Sep 3, 2026

Revolving Credit Facilities Americas Revolving Credit Facility On October 15, 2025, the Company entered into an amended and restated unsecured revolving credit agreement, which provides for $ 600.0 million in commitments under an unsecured five-year revolving credit facility.

SEC original ↗Lululemon Athletica — 10-Q Quarterly report10-QSep 3, 2026

The credit facility has a maturity date of October 15, 2030, subject to two one-year extensions at the request of the Company.

SEC original ↗Lululemon Athletica — 10-Q Quarterly report10-QSep 3, 2026

The credit facility permits prepayment of borrowings and reductions or terminations of commitments from time to time without premium or penalty, subject to customary breakage costs.

SEC original ↗Lululemon Athletica — 10-Q Quarterly report10-QSep 3, 2026

Strategy & priorities

Our teams remain focused on accelerating growth by strengthening our product offerings, increasing our marketing investments, and maintaining disciplined expense management.

SEC original ↗Lululemon Athletica — Earnings release (8-K exhibit)EX-99Sep 3, 2026

This Form 10-Q contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements about our financial condition, results of operations, business strategies, growth opportunities, market trends, and future performance.

SEC original ↗Lululemon Athletica — 10-Q Quarterly report10-QSep 3, 2026

We have initiated an action plan to drive net revenue growth in the Americas, structured around three strategic pillars: product creation, product activation, and enterprise enablement.

SEC original ↗Lululemon Athletica — 10-Q Quarterly report10-QSep 3, 2026

Risks & headwinds

This includes $134.5 million of tariff refunds (1) which increased gross margin by 560 basis points.

SEC original ↗Lululemon Athletica — Earnings release (8-K exhibit)EX-99Sep 3, 2026

The tariff refunds (1) of $134.5 million increased operating margin by 560 basis points.

SEC original ↗Lululemon Athletica — Earnings release (8-K exhibit)EX-99Sep 3, 2026

This includes $0.86 per share related to tariff refunds and associated interest (1) , net of tax.

SEC original ↗Lululemon Athletica — Earnings release (8-K exhibit)EX-99Sep 3, 2026

__________ (1) During the second quarter of 2026, the Company received International Emergency Economic Powers Act ( IEEPA ) tariff refunds of $134.5 million plus associated interest of $4.1 million.

SEC original ↗Lululemon Athletica — Earnings release (8-K exhibit)EX-99Sep 3, 2026

The 2026 outlook includes $0.86 per share from tariff refunds and associated interest, net of tax recognized in the second quarter of 2026, but does not reflect any further potential tariff refunds.

SEC original ↗Lululemon Athletica — Earnings release (8-K exhibit)EX-99Sep 3, 2026

The guidance and outlook forward-looking statements made in this press release are based on management's expectations as of the date of this press release and do not incorporate future unknown impacts, including tariffs and macroeconomic trends.

SEC original ↗Lululemon Athletica — Earnings release (8-K exhibit)EX-99Sep 3, 2026

Documents

Earnings deck slides

0 decks with slide view

Lululemon Athletica — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Lululemon Athletica — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Lululemon Athletica — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Lululemon Athletica — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Lululemon Athletica — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Competitors

Competitors & peers

Same GICS sector — classification peers, not declared competitors

Amazon (AMZN) Consumer DiscretionaryTesla, Inc. (TSLA) Consumer DiscretionaryAlibaba Group (BABA) Consumer DiscretionaryeBay Inc. (EBAY) Consumer DiscretionaryToyota Motor (TM) Consumer DiscretionaryO'Reilly Automotive (ORLY) Consumer DiscretionaryLi Auto Inc. (LI) Consumer DiscretionaryV F Corp (VFC) Consumer Discretionary

Filings

34 documents

Earnings releases

4 documents

Presentations

5 documents

Transcripts

0 documents

No transcripts for Lululemon Athletica are held in this edition of the library.

Mentioned by

6 companies

Other tracked companies whose held documents mention Lululemon Athletica by name or ticker. A mention is counted once per document, from the document text the library holds.

See also the earnings calendar for every tracked company’s next earnings date.