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

lululemon athletica (NASDAQ:LULU) updated 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 EPS 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.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Barclays reduced their price objective on shares of lululemon athletica from $161.00 to $113.00 and set an “equal weight” rating for the company in a research note on Friday, June 5th. Freedom Capital upgraded lululemon athletica from a “strong sell” rating to a “hold” rating in a research note on Friday, June 5th. Evercore cut their target price on lululemon athletica from $175.00 to $130.00 in a research report on Wednesday, June 3rd. Piper Sandler dropped their price target on lululemon athletica from $130.00 to $110.00 and set a “neutral” rating for the company in a research note on Friday, June 5th. Finally, Stifel Nicolaus dropped their price target on lululemon athletica from $176.00 to $134.00 and set a “hold” rating for the company in a research report on Friday, June 5th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, twenty-five have given a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, lululemon athletica presently has an average rating of “Reduce” and a consensus price target of $148.38.

lululemon athletica Trading Up 1.4%

Shares of LULU traded up $1.70 during trading hours on Thursday, hitting $121.77. The company had a trading volume of 15,839,498 shares, compared to its average volume of 3,211,143. lululemon athletica has a one year low of $104.44 and a one year high of $225.98. The company’s fifty day moving average price is $118.56 and its two-hundred day moving average price is $137.00. The company has a market capitalization of $14.45 billion, a PE ratio of 9.83, a price-to-earnings-growth ratio of 2.46 and a beta of 0.87.

lululemon athletica (NASDAQ:LULU) last announced its earnings results on Thursday, September 3rd. The apparel retailer reported $2.92 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $2.46 billion. During the same period last year, the firm earned $3.10 earnings per share. lululemon athletica’s revenue was down 4.3% compared to the same quarter last year. 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. Analysts forecast that lululemon athletica will post 10.93 earnings per share for the current year.

Insiders Place Their Bets

In other lululemon athletica news, Director Charles Bergh purchased 4,275 shares of lululemon athletica stock in a transaction on Monday, June 15th. The stock was bought at an average cost of $117.05 per share, with a total value of $500,388.75. Following the transaction, the director owned 10,365 shares of the company’s stock, valued at $1,213,223.25. This represents a 70.20% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.54% of the company’s stock.

More lululemon athletica News

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

• Positive Sentiment: Lululemon reported diluted second-quarter EPS of $2.92, well above the $1.79 analyst consensus. The company also repurchased 2.7 million shares for $330 million, while international revenue increased 4%. Lululemon Second Quarter Fiscal 2026 Results
• Positive Sentiment: Investor Michael Burry expressed support for LULU ahead of the earnings release, arguing that the shareholder base has substantially changed. Recent insider purchases may also provide a modest confidence signal, although they are not a fundamental catalyst. Michael Burry on Lululemon Shareholder Base
• Neutral Sentiment: Heidi O’Neill is scheduled to become CEO next week. Her leadership transition could support a longer-term turnaround, but investors will likely want evidence of improved products, marketing and execution before assigning significant value to the change. Lululemon Cuts Annual Outlook
• Negative Sentiment: Second-quarter revenue fell 4% to $2.416 billion, net income dropped to $329.2 million from $370.9 million, and comparable sales declined 9%—or 10% in constant currency. Americas revenue fell 8%, highlighting the company’s core-market weakness. Lululemon Stock Plunges on Earnings
• Negative Sentiment: Lululemon reduced its 2026 revenue forecast to $10.35 billion–$10.50 billion from $11.00 billion–$11.15 billion and now expects diluted EPS of $9.48–$9.73. The downgrade reinforces concerns about softening demand and intensifying competition from newer activewear brands. Lululemon Cuts Outlook Again
• Negative Sentiment: Analysts and retail commentators questioned Lululemon’s fashion assortment and said the company needs a broader product overhaul, raising doubts about how quickly the turnaround can improve sales. A $134.5 million tariff refund boosted quarterly EPS by $0.86 after tax, making underlying earnings quality less favorable. Lululemon Sales Drop Raises Turnaround Concerns

Institutional Investors Weigh In On lululemon athletica

Several hedge funds have recently modified their holdings of the company. NorthRock Partners LLC grew its holdings in shares of lululemon athletica by 4.2% during the third quarter. NorthRock Partners LLC now owns 1,553 shares of the apparel retailer’s stock worth $276,000 after buying an additional 62 shares in the last quarter. IHT Wealth Management LLC increased its position in shares of lululemon athletica by 1.7% during the second quarter. IHT Wealth Management LLC now owns 4,276 shares of the apparel retailer’s stock valued at $1,016,000 after acquiring an additional 73 shares during the last quarter. GW&K Investment Management LLC lifted its stake in lululemon athletica by 70.3% during the fourth quarter. GW&K Investment Management LLC now owns 189 shares of the apparel retailer’s stock worth $39,000 after purchasing an additional 78 shares in the last quarter. Golden State Wealth Management LLC grew its position in lululemon athletica by 43.6% in the 4th quarter. Golden State Wealth Management LLC now owns 280 shares of the apparel retailer’s stock valued at $58,000 after acquiring an additional 85 shares in the last quarter. Finally, Summit Financial LLC grew its stake in shares of lululemon athletica by 5.8% in the fourth quarter. Summit Financial LLC now owns 1,839 shares of the apparel retailer’s stock worth $382,000 after acquiring an additional 101 shares in the last quarter. 85.20% of the stock is owned by hedge funds and other institutional investors.

lululemon athletica Company Profile

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.