Lululemon stock reports 4 percent Q2 revenue decline to USD 2.42 billion

Published on 09/25/2026 at 16:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Lululemon stock posted USD 2.92 diluted EPS in Q2 2026 versus USD 3.10 a year earlier on September 3, 2026. Fiscal revenue guidance fell to USD 10.35 billion to USD 10.50 billion.

LULU, US5500211090, Illustration mit AI erstellt.

Lululemon (ISIN US5500211090) stock was trading at USD 101.84 on Nasdaq on September 25, 2026, at 10:24 a.m. ET, up USD 0.20, or 0.20 percent, from USD 101.64. The main company update came on September 3, 2026, when lululemon reported its second quarter of fiscal 2026, ended August 2, 2026.

Q2 revenue fell 4 percent

The company reported net revenue of USD 2,415.631 million for Q2 fiscal 2026, down 4 percent from USD 2,525.219 million in Q2 fiscal 2025, according to lululemon. Diluted EPS was USD 2.92 versus USD 3.10 a year earlier, while comparable sales decreased 9 percent.

The pressure was concentrated in the Americas, where comparable sales decreased 12 percent. International comparable sales decreased 3 percent, giving the regional split a clear role in the quarter's result.

Guidance moved lower again

For fiscal 2026, lululemon now expects revenue of USD 10.350 billion to USD 10.500 billion and diluted EPS of USD 9.48 to USD 9.73, according to lululemon. The third-quarter revenue outlook is USD 2.290 billion to USD 2.320 billion, representing a projected decline of 10 percent to 11 percent.

Analyst caution is also visible in the target revisions. MarketScreener reported on September 4, 2026, that Baird cut its price target from USD 140 to USD 115 while keeping a Neutral rating. The new target remains above the intraday price of USD 101.84, but the reduction shows how the weaker sales outlook has changed the valuation debate.

Stock sits 54.93 percent below yearly high

LULU's September 25, 2026, intraday range was USD 101.16 to USD 103.80, while its 52-week range was USD 95.35 to USD 225.98. At USD 101.84, the stock was 54.93 percent below its 52-week high, and its USD 11,564,342,161 market capitalization reflected the sharp reset from that peak.

The immediate investor question is whether international growth can offset the 12 percent Americas comparable-sales decline. The Q3 guidance range and the fiscal-year revenue band now provide the next quantified tests for that recovery.