Lululemon Athletica stock: Fiscal second-quarter revenue fell 4 percent

Lululemon reported a 4 percent revenue decline for fiscal second-quarter 2026. The company also lowered its full-year revenue and earnings outlook.

Lululemon Athletica reported weaker fiscal second-quarter results on September 3, 2026. The company said net revenue for the quarter ended August 2, 2026, decreased 4 percent to $2.4 billion, or 5 percent on a constant-dollar basis. Lululemon issued the results for the quarter.

Comparable sales declined

Comparable sales decreased 9 percent, including a 12 percent decline in the Americas and a 3 percent decline internationally. Gross profit fell 1 percent to $1.5 billion, while gross margin rose to 60.5 percent, including $134.5 million in tariff refunds. Diluted earnings per share were $2.92, compared with $3.10 a year earlier. The company’s Form 8-K filing identifies the reported period and results.

Full-year outlook lowered

Lululemon said it now expects fiscal 2026 revenue of $10.35 billion to $10.50 billion, representing a decline of 5 percent to 7 percent. Diluted earnings per share are expected to range from $9.48 to $9.73. For the third quarter, the company expects revenue of $2.290 billion to $2.320 billion and diluted earnings per share of $0.93 to $0.98. Lululemon’s release said the outlook includes the second-quarter tariff-refund benefit.