Q4 25 EPS
$6.14
Q4 25 Revenue
$3.61B
vs S&P Since Q4 25
-86.2%
TRAILING MARKET
LULU -56.5% vs S&P +29.7%
Full Year 2025 Results
FY 25 EPS
$14.64
FY 25 Revenue
$10.59B
Market Reaction
Did LULU Beat Earnings? Q4 2025 Results
Lululemon closed out fiscal 2024 on a high note, delivering Q4 revenue of $3.61 billion, a 13% year-over-year increase, and earnings per share of $6.14, as the company crossed the $10.00 billion annual revenue threshold for the first time in its hist… Read more Lululemon closed out fiscal 2024 on a high note, delivering Q4 revenue of $3.61 billion, a 13% year-over-year increase, and earnings per share of $6.14, as the company crossed the $10.00 billion annual revenue threshold for the first time in its history. The quarter's standout driver was international momentum, with China Mainland posting 46% revenue growth and total international revenue surging 38%, more than offsetting a comparatively subdued 7% gain in the Americas where comparable sales were flat. Gross margin expanded 100 basis points to 60.4% in Q4, while the full year saw operating margin improve 150 basis points to 23.7%, reflecting disciplined cost management alongside top-line gains. Yet the results landed alongside a cautious forward outlook that disappointed investors, with fiscal 2025 revenue guidance of $11.15 billion to $11.30 billion and full-year EPS of $14.95 to $15.15 coming in below analyst expectations, as slowing U.S. Consumer traffic and macroeconomic uncertainty tempered enthusiasm for an otherwise solid performance.
Key Takeaways
- • Strong international growth, particularly in China Mainland with 46% Q4 revenue growth
- • Men's product category grew 17% in Q4, outpacing women's at 11%
- • Gross margin expansion of 100 basis points to 60.4% in Q4
- • 53rd week contributed approximately 5 percentage points to Q4 revenue growth
- • Net new store openings of 56 for the full year, ending with 767 stores
- • Company-operated store revenue grew 18% in Q4
LULU YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
“Our fourth quarter results exceeded our expectations as we continued to introduce more newness and innovation into our product assortment. Our performance demonstrates the ongoing strength and resilience of lululemon and is a testament to the passion and dedication of our teams around the world. As we begin 2025, we remain focused on executing on our Power of Three ×2 growth plan and delivering an exciting pipeline of innovation and brand activations for our guests and communities.”
— Calvin McDonald, Q4 2025 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 | — |