Lululemon Athletica Inc

LULU: XNAS (USA)

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Lululemon Earnings: Guidance Cut Highlights Challenges Facing Incoming CEO; Shares Attractive

David Swartz

Sep 4, 2026

Lululemon's second-quarter sales fell 4% on an 8% decline in the Americas (67% of sales) and a 4% international increase (33%). Including a 560-basis-point benefit from tariff refunds, operating margin fell 190 basis points to 18.8% on sales weakness and higher marketing spending.

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Lululemon Athletica Inc

Lululemon Earnings: Guidance Cut Highlights Challenges Facing Incoming CEO; Shares Attractive

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