lululemon athletica (NASDAQ:LULU) Updates FY 2026 Earnings Guidance

Posted by Geri Gentry on Sep 4th, 2026

lululemon athletica (NASDAQ:LULU – Get Free Report) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided EPS guidance of 9.480-9.730 for the period, compared to the consensus estimate of 12.350. The company issued revenue guidance of $10.4 billion-$10.5 billion, compared to the consensus revenue estimate of $11.5 billion. lululemon athletica also updated its Q3 2026 guidance to 0.930-0.980 EPS.

lululemon athletica Price Performance

NASDAQ:LULU opened at $121.77 on Friday. The stock has a market cap of $14.45 billion, a P/E ratio of 9.83, a PEG ratio of 2.50 and a beta of 0.87. lululemon athletica has a one year low of $104.44 and a one year high of $225.98. The company has a fifty day moving average price of $118.76 and a 200 day moving average price of $136.61.

lululemon athletica (NASDAQ:LULU – Get Free Report) last posted its quarterly earnings results on Thursday, September 3rd. The apparel retailer reported $2.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.79 by $1.13. lululemon athletica had a net margin of 13.03% and a return on equity of 31.26%. The company had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.46 billion. During the same period last year, the business posted $3.10 EPS. The business’s quarterly revenue was down 4.3% on a year-over-year basis. lululemon athletica has set its FY 2026 guidance at 9.480-9.730 EPS and its Q3 2026 guidance at 0.930-0.980 EPS. As a group, equities research analysts anticipate that lululemon athletica will post 10.93 EPS for the current year.

Analyst Upgrades and Downgrades

LULU has been the topic of a number of recent research reports. BTIG Research downgraded lululemon athletica from a “buy” rating to a “neutral” rating in a research report on Friday, June 5th. UBS Group cut their price target on lululemon athletica from $124.00 to $120.00 and set a “neutral” rating for the company in a report on Tuesday, August 25th. Zacks Research upgraded lululemon athletica from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 19th. Truist Financial downgraded lululemon athletica from a “hold” rating to a “sell” rating and reduced their price objective for the stock from $115.00 to $94.00 in a research report on Thursday, July 16th. Finally, Barclays decreased their price objective on lululemon athletica from $161.00 to $113.00 and set an “equal weight” rating on the stock in a report on Friday, June 5th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, twenty-five have given a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, lululemon athletica currently has an average rating of “Reduce” and a consensus price target of $148.38.

Read Our Latest Report on lululemon athletica

Insider Transactions at lululemon athletica

In other lululemon athletica news, Director Charles Bergh purchased 4,275 shares of the business’s stock in a transaction on Monday, June 15th. The stock was purchased at an average price of $117.05 per share, for a total transaction of $500,388.75. Following the completion of the purchase, the director directly owned 10,365 shares in the company, valued at approximately $1,213,223.25. This trade represents a 70.20% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.54% of the stock is owned by company insiders.

Key Headlines Impacting lululemon athletica

Here are the key news stories impacting lululemon athletica this week:

Positive Sentiment: Second-quarter diluted EPS was $2.92, above the $1.79 analyst consensus. However, the result benefited substantially from $134.5 million in tariff refunds and related interest, which added approximately $0.86 to EPS after tax. Second-Quarter Fiscal 2026 Results
Positive Sentiment: International revenue increased 4%, and lululemon repurchased approximately 2.7 million shares for $330 million during the quarter, providing some support for per-share results. Lululemon Q2 Revenue Falls 4%
Neutral Sentiment: Nike veteran Heidi O’Neill is scheduled to become CEO next week. Her appointment offers a potential catalyst, but investors are likely to remain cautious until she demonstrates progress on product, brand, and North American growth issues. Forecast Cut Underscores Challenge for Next CEO
Negative Sentiment: Revenue declined 4% year over year to $2.416 billion, missing expectations, while comparable sales fell 9%—the company’s weakest comparable-sales performance since the Great Recession. Americas revenue dropped 8%, highlighting intensifying competition and softer consumer demand. Lululemon Stock Plunges on Earnings and Outlook
Negative Sentiment: Lululemon cut its fiscal 2026 revenue forecast to $10.35 billion–$10.50 billion from $11.00 billion–$11.15 billion and reduced EPS guidance to $9.48–$9.73, well below the approximately $12.35 consensus. Third-quarter EPS guidance of $0.93–$0.98 also trails estimates. Lululemon Cuts Outlook Again
Negative Sentiment: Analysts and commentators questioned whether lululemon’s product assortment—particularly its reliance on form-fitting leggings—still matches changing customer preferences. The resulting uncertainty over the brand’s ability to restore growth contributed to the sharp decline following the earnings release. Sales Drop Raises Turnaround Concerns

Hedge Funds Weigh In On lululemon athletica

Several hedge funds and other institutional investors have recently modified their holdings of LULU. Invesco Ltd. grew its position in lululemon athletica by 28.7% in the third quarter. Invesco Ltd. now owns 2,200,552 shares of the apparel retailer’s stock valued at $391,544,000 after acquiring an additional 490,127 shares during the period. HRT Financial LP lifted its holdings in shares of lululemon athletica by 277.5% during the fourth quarter. HRT Financial LP now owns 470,780 shares of the apparel retailer’s stock valued at $97,832,000 after acquiring an additional 346,080 shares during the period. National Bank of Canada FI lifted its holdings in shares of lululemon athletica by 154.0% during the third quarter. National Bank of Canada FI now owns 445,283 shares of the apparel retailer’s stock valued at $79,221,000 after acquiring an additional 270,004 shares during the period. Caisse de depot et placement du Quebec lifted its holdings in shares of lululemon athletica by 69.1% during the third quarter. Caisse de depot et placement du Quebec now owns 638,720 shares of the apparel retailer’s stock valued at $113,647,000 after acquiring an additional 260,946 shares during the period. Finally, Quadrature Capital Ltd acquired a new stake in shares of lululemon athletica in the 4th quarter valued at $49,208,000. Institutional investors own 85.20% of the company’s stock.

About lululemon athletica

(Get Free Report)

lululemon athletica inc. is a design-focused athletic apparel company known for performance-oriented apparel, footwear and accessories. The company’s product portfolio centers on technical apparel for yoga, running, training and everyday active lifestyle use and includes tops, bottoms, outerwear, underwear, bags and a growing footwear assortment. lululemon emphasizes fabric science and product innovation, marketing garments that blend performance features with lifestyle styling.

Products are developed in-house and produced through a network of third-party manufacturers.