lululemon athletica · 2026-06-04
lululemon athletica (LULU) Q1 2026 Earnings: Americas Weakness, Margin Pressure & Lower Outlook Earnings Release Summary
Revenue: $2.5B revenue, up 4% year over year; Profitability: $1.69 diluted EPS, down from $2.60 in the prior-year quarter, with gross margin down 410 basis points to 54.2%; Guidance: 2026 net revenue guidance was lowered to $11.0B-$11.15B, representing a decline of 1% to flat
Revenue: $2.5B revenue, up 4% year over year
Profitability: $1.69 diluted EPS, down from $2.60 in the prior-year quarter, with gross margin down 410 basis points to 54.2%
Guidance: 2026 net revenue guidance was lowered to $11.0B-$11.15B, representing a decline of 1% to flat
Reported data
LULU key reported figures
Revenue: $2.5B revenue, up 4% year over year
comparable sales increased 1%, but Americas comparable sales decreased 5%
Profitability: $1.69 diluted EPS, down from $2.60 in the prior-year quarter, with gross margin down 410 basis points to 54.2%
The profit line has to be read with margin quality, cash flow, and any one-time factors.
Guidance: 2026 net revenue guidance was lowered to $11.0B-$11.15B, representing a decline of 1% to flat
The forward guide is the main post-earnings valuation reset.
Sources