Lululemon, 1quarterly results and 2026lowered annual guidance
Lululemon 1reported quarterly revenue of 24.7billion dollars and earnings per share of 1.69dollars. The company lowered its revenue guidance for 2026to 110billion–111.5billion dollars and its earnings-per-share guidance to 10.95dollars–11.15dollars. BTIG downgraded the stock from Buy to Neutral, and the share price fell 8.22% to 114.65dollars, hitting a 52-week low.
Lululemon 1reported quarterly revenue of 24.7billion dollars. The company said revenue exceeded estimates. Earnings per share for the same quarter came to 1.69dollars.
The market estimate was 1.70dollars. Actual earnings per share were 0.01dollars below the estimate. The company released its full-year outlook along with its quarterly results.
The company lowered its revenue guidance for 2026from 110billion dollars to 111.5billion dollars. This guidance is below its previous guidance. The company said it had reset its full-year revenue outlook.
2026The annual earnings-per-share guidance was 10.95dollars to 11.15dollars. This earnings range was also indicated to be below market expectations. The company disclosed the full-year earnings range as well.
Investment bank BTIG downgraded its rating from Buy to Neutral. BTIG explained that the cause of the core issue had not been fully diagnosed and that execution risks remained. The stock fell 8.22% to 114.65dollars, recording a 52-week low.
Sources: Benzinga
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