Lululemon cuts FY2026 revenue and EPS guidance and lowers Q3 outlook

financial_update2026-09-04 13:05:33 UTCimp 0.82LULU -0.90

On September 3, 2026, Lululemon lowered FY2026 revenue guidance to $10.35 billion–$10.50 billion from $11.00 billion–$11.15 billion and EPS guidance to $9.48–$9.73 from $10.95–$11.15. It guided Q3 revenue to $2.29 billion–$2.32 billion versus $2.53 billion expected and Q3 EPS to $0.93–$0.98 versus $2.41 expected.

Occurred 2026-09-03 20:11:57 UTCSurprise 0.83Confidence 0.96

Rationale

The primary timestamped sources report a new Lululemon FY2026 revenue and EPS guidance reduction together with Q3 revenue and EPS outlook materially below cited expectations. This is a forward-looking financial update with direct implications for LULU, not prohibited price-performance narration. The size of the guidance reductions and the sharp Q3 outlook gap support high importance and surprise scores, while the core figures are explicitly reported; the UTC time is estimated from the timestamped wire. The prior event-matching decision is retained, and only LULU is approved because the other proposed stakeholder links are indirect, speculative, or supported mainly by generic or historical context.

EventsLululemon FY2026 Guidance Reduction and Q3 Revenue Outlook

Evidence

first_squawk2026-09-03 20:11:57 UTCOpen source

LULULEMON CUT ITS FY REVENUE GUIDANCE TO $10.35 BLN-$10.50 BLN FROM $11.0 BLN-$11.15 BLN AND ITS FY EPS GUIDANCE TO $9.48-$9.73 FROM $10.95-$11.15, AND SEES Q3 REVENUE OF $2.29 BLN-$2.32 BLN VERSUS $2.53 BLN EXPECTED WITH Q3 EPS OF 93C-98C VERSUS $2.41 EXPECTED.

fast_stock_market_news2026-09-03 20:07:18 UTCOpen source

Comparable sales: -9%

FY guidance:

- Revenue: $10.350-10.500B

- EPS: $9.48-9.73

first_squawk2026-09-03 21:24:42 UTCOpen source

LULULEMON'S EXEC SAYS THAT FOR Q3 IT EXPECTS NORTH AMERICA TO DECLINE IN THE MID-TEENS — WITH THE U.S. ALSO IN THAT RANGE AND CANADA LOWER — WHILE BOTH CHINA MAINLAND AND THE REST OF THE WORLD ARE EXPECTED TO INCREASE 3% TO 5%

factset2026-09-04 13:02:38 UTCOpen source

LULU reported Q2 EPS $2.92, including $0.86 per share related to tariff refunds and associated interest and as a result unclear if comparable to FS $1.79. Revenue roughly in line with consensus. Comparable sales decreased 9%, or 10% on a constant dollar basis; Americas comparable sales decreased 12% and International comparable sales decreased 3%, or 6% on a constant dollar basis. Guided Q3 EPS and revenue well below consensus. Guided FY EPS below prior and consensus (includes tariff refunds and associated interest, net of tax recognized in Q2 of 2026, but does not reflect any further potential tariff refunds). Guided FY revenue below prior and consensus.