Earnings Report· 2026-09-03
LULU
Q2 · 2026After-Marketlululemon athletica inc.
@stockwhiz_ai
EARNING PER SHARE
Actual ($)
2.92
— YoY
Expected
1.79
Beat
+63.13%
REVENUE
Actual ($)
2.42B
— YoY
Expected
2.46B
Miss
-1.80%
Earning Report
| Metric | Q2 2026 | Q2 2025 | YoY Change % |
|---|---|---|---|
| Revenue | $2.42B | $2.53B | -4.0 |
| Net Income | $329.22M | $370.90M | -11.2 |
| GAAP Basic EPS | $2.92 | $3.10 | -5.8 |
| GAAP Diluted EPS | $2.92 | $3.10 | -5.8 |
Financial Outlook / Guidance
| Metric | Q3 2026 Outlook | FY2026 Outlook |
|---|---|---|
| Net Revenue | $2.290B-$2.320B (-10%-11% YoY) | $10.350B-$10.500B (-5%-7% YoY) |
| Diluted EPS | $0.93-$0.98 | $9.48-$9.73 |
Business Highlights
- ➤Repurchased 2.7 million shares for $330.0 million during the quarter.
- ➤Opened nine net new company-operated stores, ending with 825 stores.
- ➤Received IEEPA tariff refunds plus associated interest during the second quarter.
- ➤Incoming CEO Heidi O’Neill will join the company next week.
- ➤Operates across yoga, running, training, and other activity categories.
- ➤Uses athlete and yogi feedback for continuous product research.
- ➤Develops technical apparel, footwear, and accessories.
- ➤Company-operated store summary excludes locations run by third parties under license and supply arrangements.
Management Commentary
Meghan Frank, Interim Co-CEO and Chief Financial Officer
“While we continue to navigate some challenging dynamics, we are taking a prudent approach with our revised full-year outlook. Our teams remain focused on accelerating growth by strengthening our product offerings, increasing our marketing investments, and maintaining disciplined expense management. Looking ahead, we have confidence in the strength of the lululemon brand, the deep connection we have with our guests and ambassadors, and the significant opportunities we see to drive long-term growth.”
André Maestrini, Interim Co-CEO, President, and Chief Commercial Officer
“We remain confident in our ability to take the right steps to strengthen our performance and deliver sustainable growth over time. I would like to thank our teams around the world for their focused efforts and continued commitment to lululemon. We look forward to welcoming our incoming CEO, Heidi O'Neill, next week as we begin an exciting new chapter for the company.”