Lululemon Athletica Inc. · LULU · Next earnings

Lululemon Athletica Inc. reports Thursday, Dec 10, 2026

LULU reports after market close with consensus EPS at $0.97 and revenue at $2.31B. Last quarter: Lululemon lowers FY2026 outlook as North America weakens

Reports After market close80 days awayDate estimated Consumer Cyclical

What the street expects

Consensus for the coming report
Consensus EPS $0.97 Calendar consensus
Consensus revenue $2.31B Calendar consensus
Report date Dec 10, 2026 Thursday, date estimated
Session After market close 80 days away

Where LULU left off: FY2026 Q2

Full report

Lululemon lowers FY2026 outlook as North America weakens

EPS surprise +63.1% Reported $2.92 vs $1.79
Revenue surprise -1.7% Reported $2.42B vs $2.46B
Stock move -17.4% Event window
Subsequent drift -2.5% Up to 20 sessions

FY2026 guidance was lowered. Management also expects continued overall margin pressure despite gross-margin help from tariff refunds.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Negative brand sentiment and media commentary in China Mainland.
  • Soft traffic and conversion across store and digital channels.
  • Uncertainty around the remaining IEEPA tariff refund and future tariff rates.
  • Inventory and product-mix execution risks amid shifting demand.

Questions analysts left open

  • Whether the cost structure can remain flexible if sales do not improve.
  • The effect of limited promotional participation on sales.
  • The trajectory of markdowns and seasonal clearance, including the timing and certainty of remaining tariff refunds.

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Recent LULU quarters

All LULU earnings
-17.4%FY2026 Q2-8.6%FY2027 Q1

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q2

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.