LULU Q1 2026

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Earnings

Lululemon opened fiscal 2026 on a quietly resilient note, posting first-quarter results that edged past Wall Street's expectations even as margin pressure and tariff uncertainty kept enthusiasm measured. The athleisure retailer reported revenue of $2… Read more Lululemon opened fiscal 2026 on a quietly resilient note, posting first-quarter results that edged past Wall Street's expectations even as margin pressure and tariff uncertainty kept enthusiasm measured. The athleisure retailer reported revenue of $2.37 billion, a 7.3% year-over-year gain that fractionally cleared the $2.37 billion consensus, while diluted EPS of $2.60 beat the $2.59 estimate by 0.38%, though net income dipped slightly to $314.57 million as a higher effective tax rate and faster-growing SG&A expenses weighed on the bottom line. The standout driver was international momentum, with China Mainland revenue climbing 21% and overall international sales rising 19%, offsetting a 2% comparable-sales decline in the Americas. CEO Calvin McDonald struck an offensive tone despite the choppy macro backdrop, and the company maintained its full-year revenue outlook of $11.15 billion to $11.30 billion while updating EPS guidance to $14.58 to $14.78, though management was careful to note that potential tariff impacts remain excluded from those figures, a caveat that has kept some analysts cautious even as the brand's underlying health looks intact.