MarketPR
Lululemon Athletica (LULU) management lowered its revenue and earnings forecasts for the year on September 3, projecting that fiscal 2026 revenue will land 5% to 7% below fiscal 2025 levels.
The company expects earnings per share to fall to a range of $9.48 to $9.73, down from $13.26 in the prior fiscal year, with the new guidance already incorporating $0.86 per share from tariff refunds booked in the second quarter.
The downward revision follows a period of deteriorating sales performance.
Revenue grew 1.7% over the past twelve months to $11.1 billion, a sharp deceleration from the 9.2% growth recorded in the previous twelve-month period.
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