Q1 27 EPS
$N/A
Q1 27 Revenue
N/A
vs S&P Since Q1 27
-26.0%
TRAILING MARKET
LULU -17.0% vs S&P +9.0%
Market Reaction
Did LULU Beat Earnings? Q1 2027 Results
Lululemon athletica delivered a modest beat on its top line in Q4 fiscal 2025, but the underlying story was one of meaningful margin compression and a widening geographic divide. The company posted revenue of $3.64 billion, edging ahead of the $3.58 … Read more Lululemon athletica delivered a modest beat on its top line in Q4 fiscal 2025, but the underlying story was one of meaningful margin compression and a widening geographic divide. The company posted revenue of $3.64 billion, edging ahead of the $3.58 billion consensus estimate for a +1.81% positive surprise, though year-over-year growth of just 0.8% reflected the headwind from a 53rd week in the prior year's comparable period. Diluted EPS fell to $5.01 from $6.14 a year ago, weighed down by a 550-basis-point drop in gross margin to 54.9% and elevated SG&A spending. The bright spot was international, where China Mainland grew comparable sales 30%, even as Americas revenue declined 4%. With the company operating under interim co-CEO leadership and founder Chip Wilson pressing hard questions about North American discounting, investor sentiment has been shifting heading into fiscal 2026, when full-year guidance calls for revenue of $11.35 billion to $11.50 billion and EPS of $12.10 to $12.30, excluding any tariff impacts.
Key Takeaways
- • International revenue grew 17% YoY, led by China Mainland at 24% growth
- • China Mainland comparable sales surged 30%
- • Comparable sales increased 3% overall (2% on constant dollar basis)
- • E-commerce revenue grew 5% (9% excluding 53rd week impact)
- • Women's product revenue grew 2% (7% excluding 53rd week)
- • 15 net new company-operated stores opened in Q4
LULU Forward Guidance & Outlook
For Q1 2026, lululemon expects net revenue of $2.400 billion to $2.430 billion (1%-3% growth) and diluted EPS of $1.63 to $1.68, assuming a tax rate of approximately 31.5%. For full fiscal year 2026, the company expects net revenue of $11.350 billion to $11.500 billion (2%-4% growth) and diluted EPS of $12.10 to $12.30, assuming a tax rate of approximately 30%. Guidance excludes potential future share repurchases and does not incorporate unknown future impacts including tariffs and macroeconomic trends. Driving improvement in full-price sales, particularly in North America, is a key priority for 2026.
LULU YoY Financials
Q1 2027 vs Q1 2026, source: SEC Filings
“We are pleased to achieve fourth quarter revenue and EPS results ahead of our expectations. As we begin our new fiscal year, we are focused on executing on our action plan, offering new and differentiated products to our guests, and elevating their experiences with lululemon. Driving improvement in our full-price sales over the course of 2026 is also a key priority, particularly in North America, and will enable us to enhance our brand health and deliver long-term growth and value creation for shareholders.”
— Meghan Frank, Q1 2027 Earnings Press Release
LULU Earnings Trends
LULU vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
LULU EPS Trend
Earnings per share: estimate vs actual
LULU Revenue Trend
Quarterly revenue: estimate vs actual
LULU Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 27 | — | — | — | — | — |
| Q4 26 FY | — | $5.01 | — | $3.64B | +1.81% |
| FY Full Year | $13.03 | $13.26 | +1.75% | $11.10B | +0.59% |
| Q3 26 BEAT | $2.21 | $2.59 | +17.27% | $2.57B | +3.57% |
| Q2 26 BEAT | $2.85 | $3.10 | +8.74% | $2.53B | -0.59% |
| Q1 26 BEAT | $2.59 | $2.60 | +0.38% | $2.37B | +0.05% |
| Q4 25 FY | — | $6.14 | — | $3.61B | — |
| FY Full Year | — | $14.64 | — | $10.59B | — |