Lululemon Athletica Inc

LULU: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Lululemon Earnings: Tough Year Ends on Positive Note; CEO Search Continues; Shares Attractive

David Swartz

Mar 18, 2026

Lululemon's fourth-quarter comparable sales declined 1% in the Americas (74% of sales) but rose 16% internationally. Its operating margin fell by more than 6 percentage points to 22.3% as its gross margin plummeted 550 basis points to 54.9% on higher tariffs and markdowns.

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Lululemon Athletica Inc

Lululemon Earnings: Tough Year Ends on Positive Note; CEO Search Continues; Shares Attractive

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