lululemon athletica (LULU) Company Report

lululemon expects Q4 FY2025 net revenue and diluted EPS to be toward the high end of the previously guided ranges of $3.500 billion–$3.585 billion and $4.66–$4.76, respectively.
No change to prior guidance for gross margin, SG&A expenses, or the effective tax rate.
Management will meet with analysts at the ICR Conference on January 12–14, 2026.

7 days ago

8-K

Lululemon expects high-end Q4 revenue and EPS

LULU

Guidance Update

Lululemon now expects fourth-quarter fiscal 2025 net revenue and diluted EPS to come in toward the high end of its previously guided ranges of $3.500 billion–$3.585 billion and $4.66–$4.76, citing stronger-than-expected holiday demand.
The company left its guidance for gross margin, selling, general and administrative expenses, and its effective tax rate unchanged.
Analysts project EPS of $4.78 on about $3.57 billion in revenue for the quarter, placing Lululemon’s updated outlook near the top of market expectations.
CFO Meghan Frank said holiday performance supports achieving the higher end of guidance while management continues executing its action plan.

8 days ago

WSJ

lululemon updates Q4 fiscal 2025 revenue and EPS guidance

LULU

Guidance Update

lululemon now expects Q4 fiscal 2025 net revenue to be toward the high end of its $3.500 billion–$3.585 billion range and diluted EPS toward the high end of its $4.66–$4.76 range.
The company maintains its prior guidance for gross margin, selling, general & administrative expenses, and effective tax rate.
CFO Meghan Frank attributes the uplift to strong holiday performance and emphasizes focus on improving U.S. operations.
Management will present at the ICR Conference from January 12–14, 2026.

8 days ago

Press Release

lululemon responds to Chip Wilson’s board nomination notice

LULU

Board Change

On Dec. 29, 2025, lululemon issued a press release responding to Chip Wilson’s notice to nominate three director candidates and to propose declassifying the board for its 2026 Annual Meeting; shareholders are not required to take action at this time.
The Board underscored its record of growth—from $2.1 billion in revenue in FY 2015 to an expected $11.0 billion in FY 2025—with operating income rising nearly 6× and cumulative share repurchases exceeding $5.5 billion since FY 2015.
A comprehensive search for a new CEO has been launched to identify a leader experienced in driving growth and transformation.
lululemon will evaluate Wilson’s director nominees under its governance process and provide a formal recommendation in its definitive proxy statement before the 2026 Annual Meeting.

Dec 29, 2025, 10:05 PM

8-K

lululemon comments on Chip Wilson’s director nominations

LULU

Board Change

Chip Wilson has formally submitted notice to nominate three director candidates for election at lululemon’s 2026 Annual Meeting; the Board will now evaluate their qualifications under its governance process.
Shareholders are not required to take any action at this time; the Board will issue its formal recommendation in the definitive proxy statement ahead of the 2026 meeting.
The Board highlighted its role in driving long-term growth, with revenues rising from $2.1 billion in FY 2015 to an expected $11.0 billion in FY 2025, operating income growing nearly six-fold, and cumulative share repurchases exceeding $5.5 billion since FY 2015.
To support future leadership, the Board has launched a search for the company’s next CEO, seeking a candidate experienced in guiding companies through growth and transformation.

Dec 29, 2025, 8:38 PM

Press Release

lululemon expands into six new international markets in 2026

LULU

New Projects/Investments

lululemon will open stores in six new markets in 2026—Greece, Austria, Poland, Hungary, Romania, and India—via franchise partnerships.
This marks a record number of market entries in a single year, building on its footprint in over 30 global markets.
European guests will shop online through lululemon.eu, while Indian customers can purchase via Tata CLiQ Luxury and Tata CLiQ Fashion.
The expansion follows recent franchise openings in Italy, Denmark, Turkey, and Belgium, reinforcing lululemon’s international growth strategy.

Dec 18, 2025, 11:30 AM

Press Release

lululemon founder criticizes board’s succession planning

LULU

Board Change

CEO Change

Founder and largest shareholder Chip Wilson asserts the board has again failed at succession planning following recent leadership changes.
Wilson points to a 62.8% drop in LULU’s share price under CEO Calvin McDonald over the past two years as evidence of value destruction.
He calls for the appointment of new, independent directors with specific expertise to lead the CEO search process.
Despite concerns, Wilson reaffirms confidence in the strength of the lululemon brand and notes there are qualified CEO candidates in the retail and apparel sectors.

Dec 12, 2025, 12:00 PM

Press Release

Lululemon reports Q3 2026 results

LULU

Earnings

Guidance Update

Management Change

Lululemon’s Q3 net revenue rose 7% to $2.6 billion, with net income of $307 million and EPS of $2.59; gross profit margin was 55.6%, down 290 bps due to higher tariffs and markdowns.
Americas revenue declined 2% (U.S. down 3%, Canada down 1%), while China Mainland revenue surged 46% (47% CC) and rest of world grew 19%; digital sales increased 13% to $1.1 billion (42% of total).
FY2025 revenue is now expected at $10.96 billion–$11.05 billion (+4% YoY) with EPS of $12.92–$13.02 and a gross margin decline of 270 bps; Q4 revenue is guided to $3.50 billion–$3.59 billion (–3% to –1%) and EPS of $4.66–$4.76.
CEO Calvin McDonald will transition to a co-CEO structure alongside André Maestrini and Executive Chair Marty Morfitt, with merchandising and design functions reporting to CFO Meghan, as part of a broader management realignment.

Dec 11, 2025, 9:30 PM

Transcript

Lululemon Athletica reports Q3 2026 results and CEO transition

LULU

Earnings

CEO Change

Guidance Update

CEO Calvin McDonald to step down on January 31, 2026, after seven years; Meghan Frank and André Maestrini named interim co-CEOs, with McDonald advising through March 2026.
Q3 net revenue of $2.6 billion (+7% YoY) and comparable sales +2%; Americas down 2% (U.S. –3%, Canada –1%), China Mainland +46%, Rest of World +19%; digital sales +13% to $1.1 billion (42% of total).
Updated 2025 revenue guidance to $10.96–$11.05 billion (+4% YoY; +5–6% ex-53rd week); Q4 revenue guided to $3.50–$3.59 billion (–1% to –3% YoY; +2–4% incl. 53rd week); FY EPS raised to $12.92–$13.02.
Three-pillar action plan to inflect U.S. growth in 2026—product creation (new style penetration to 35%), product activation (localized assortments, digital enhancements), and enterprise efficiency (tariff mitigation, cost savings).

Dec 11, 2025, 9:30 PM

Transcript

lululemon reports Q3 FY2026 earnings

LULU

Earnings

Total revenue was $2.6 B, up 7%, and diluted EPS was $2.59, down 10%, with comparable sales up 2% in Q3 FY2026.
Women’s apparel revenue grew 6%, men’s apparel 8%, and accessories 12%; digital revenue rose 13% while store revenue was flat.
International revenue increased 33% versus a 2% decline in the Americas, led by strength in China Mainland, APAC, and EMEA.
Management highlighted progress on U.S. business initiatives, expects the impact to materialize in 2026, and remains encouraged by early holiday season trends.