Lululemon (LULU) official guidance

Finally, for the full year, we now expect capital expenditures to be approximately $700 million-$720 million.

Finally, for the full year, we expect capital expenditures to be approximately $725 million-$745 million.

This assumes a tax rate of approximately 30%.

For the full year 2026, we expect our effective tax rate to be approximately 30% versus our 2025 effective tax rate of 29.5%.

This assumes a tax rate of approximately 30%.

For the full year 2026, we expect our effective tax rate to be approximately 30%, an increase from the 2025 effective tax rate of 29.5%.

This assumes a tax rate of approximately 30%.

This assumes a tax rate of approximately 30%.

Diluted earnings per share are now expected to be in the range of $9.48 to $9.73 for the year.

For the fiscal year 2026, we now expect diluted earnings per share in the range of $10.95-$11.15 versus EPS of $13.26 in 2025.

Diluted earnings per share are now expected to be in the range of $10.95 to $11.15 for the year.

For the fiscal year 2026, we expect diluted earnings per share in the range of $12.10-$12.30 versus EPS of $13.26 in 2025.

Diluted earnings per share are expected to be in the range of $12.10 to $12.30 for the year.

Diluted earnings per share are expected to be in the range of $0.93 to $0.98 for the quarter.

For the full year, we now expect gross margin to decrease approximately 90 basis points relative to last year, driven predominantly by deleverage on fixed costs and ongoing investment in new store openings, optimizations, and our distribution center network.

For the full year, we expect gross margin to decrease approximately 120 basis points relative to last year, driven predominantly by deleverage on fixed costs and ongoing investment in new store openings, optimizations, and our distribution center network.

When looking at inventory, we now expect dollar growth to be in the low to mid-single digit range through 2026, with units slightly down.

When looking at inventory, we expect dollar growth to be in the mid to high single-digit range through 2026, with the units flat to down slightly.

When looking at inventory, we now expect dollar growth to be in the low to mid-single digit range through 2026, with units slightly down.

When looking at inventory, we expect dollar growth to be in the mid to high single-digit range through 2026, with the units flat to down slightly.

We expect markdowns for the full year to be flat to slightly improved and tariffs to have a gross impact of 30 basis points, of which we expect to be able to offset almost all of it.

We expect markdowns for the full year to improve modestly and tariffs to have a gross impact of 90 basis points, of which we expect to be able to offset almost all of it.

While we intend to realize significant savings related to the enterprise enablement pillar of our action plan, we now expect deleverage of approximately 290 basis points versus 2025, including incentive comp, store labor hours, and continued strategic investments in our business to support future growth.

We expect deleverage of approximately 130 basis points versus 2025 as we continue to strategically invest in our business to support future growth.

When looking at operating margin for the full year 2026, we now expect it to decrease by approximately 380 basis points versus last year.

When looking at operating margins for the full year 2026, we expect it to decrease by approximately 250 basis points versus last year.