lululemon athletica (NASDAQ:LULU) Releases Q3 2026 Earnings Guidance

lululemon athletica (NASDAQ:LULU) issued an update on its third quarter 2026 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 0.930-0.980 for the period, compared to the consensus EPS estimate of 2.520. The company issued revenue guidance of $2.3 billion-$2.3 billion, compared to the consensus revenue estimate of $2.6 billion. lululemon athletica also updated its FY 2026 guidance to 9.480-9.730 EPS.

lululemon athletica Stock Up 1.4%

Shares of NASDAQ LULU traded up $1.70 during midday trading on Thursday, reaching $121.77. 15,839,498 shares of the company’s stock traded hands, compared to its average volume of 3,211,143. The company has a market cap of $14.45 billion, a price-to-earnings ratio of 9.83, a P/E/G ratio of 2.46 and a beta of 0.87. The stock’s 50 day simple moving average is $118.76 and its 200-day simple moving average is $136.61. lululemon athletica has a one year low of $104.44 and a one year high of $225.98.

lululemon athletica (NASDAQ:LULU) last issued its quarterly earnings data on Thursday, September 3rd. The apparel retailer reported $2.92 EPS for the quarter, topping analysts’ consensus estimates of $1.79 by $1.13. The company had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.46 billion. lululemon athletica had a net margin of 13.03% and a return on equity of 31.26%. lululemon athletica’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.10 earnings per share. 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. Equities analysts predict that lululemon athletica will post 10.93 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on LULU. Morgan Stanley restated an “underweight” rating and set a $93.00 price objective on shares of lululemon athletica in a research note on Monday, July 6th. Jefferies Financial Group reduced their target price on shares of lululemon athletica from $145.00 to $115.00 and set a “hold” rating for the company in a report on Friday, June 5th. Barclays decreased their price target on shares of lululemon athletica from $161.00 to $113.00 and set an “equal weight” rating for the company in a research report on Friday, June 5th. Weiss Ratings cut shares of lululemon athletica from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, August 24th. Finally, Evercore cut their price objective on shares of lululemon athletica from $175.00 to $130.00 in a research report on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, twenty-five have issued a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of $148.38.

Insiders Place Their Bets

In other lululemon athletica news, Director Charles Bergh purchased 4,275 shares of the stock in a transaction on Monday, June 15th. The stock was acquired at an average price of $117.05 per share, with a total value of $500,388.75. Following the completion of the acquisition, the director owned 10,365 shares in the company, valued at $1,213,223.25. The trade was a 70.20% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.54% of the company’s stock.

lululemon athletica News Roundup

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 Trading of lululemon athletica

Institutional investors have recently bought and sold shares of the stock. Brighton Jones LLC purchased a new position in shares of lululemon athletica in the fourth quarter worth $429,000. Parkside Financial Bank & Trust grew its holdings in shares of lululemon athletica by 68.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 390 shares of the apparel retailer’s stock valued at $81,000 after buying an additional 159 shares during the last quarter. UMB Bank n.a. increased its position in shares of lululemon athletica by 52.4% in the 4th quarter. UMB Bank n.a. now owns 614 shares of the apparel retailer’s stock valued at $128,000 after acquiring an additional 211 shares during the period. Smartleaf Asset Management LLC increased its position in shares of lululemon athletica by 88.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 619 shares of the apparel retailer’s stock valued at $130,000 after acquiring an additional 291 shares during the period. Finally, Sumitomo Mitsui Financial Group Inc. purchased a new position in lululemon athletica in the 4th quarter worth $128,000. 85.20% of the stock is currently owned by institutional investors and hedge funds.

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.