Lululemon Guides Q3 Revenue to $2.29B-$2.32B
LULU is trading near its 52-week low of $104.44 (4.8% above the low) on elevated volume (2.0× avg).
Summary
Lululemon issued Q3 revenue guidance of $2.29B-$2.32B. This follows a June outlook cut and a Q1 net income drop of 38%. The company also reported a drop in bottom line in Q2, with Q2 revenue falling 4% to $2.42B, comparable sales down 9%, and EPS of $2.92 including $0.86 from tariff refunds. The company cut its FY26 revenue outlook to $10.35B-$10.50B and EPS to $9.48-$9.73. The guidance is a key data point for a stock trading near its 52-week low. The company has a new CEO starting September 8.
Updated with an SEC 8-K filing · What changed
Updates
· SEC 8-K — Q2 revenue fell 4% to $2.42B, comparable sales down 9%, EPS $2.92 including $0.86 from tariff refunds; FY26 revenue outlook cut to $10.35B-$10.50B and EPS to $9.48-$9.73.
At the time of this announcement, LULU was trading at $109.50 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $14.5B. The 52-week trading range was $104.44 to $225.98. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.