LULU lululemon (LULU) Q1 FY27 earnings call
Lululemon's Q1 FY27 performance was impacted by moderating sales trends in North America, driven by negative brand commentary and underperforming product launches, leading to a downward revision of full-year revenue and EPS guidance. Despite these headwinds, international markets, particularly China, demonstrated strong growth. The company is actively implementing strategies to regain momentum, including increased marketing investments, product innovation, and efficiency initiatives, while preparing for a new CEO transition.
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LULU operating KPIs by quarter
| KPI | Feb 2026 Q4 FY26 | This call May 2026 Q1 FY27 | Jul 2026 Q2 FY27 | Change vs prior quarter |
|---|---|---|---|---|
| Stores | 811We ended the quarter with a total of 811 stores globally.Source: earnings call transcript | 816In our store channel, total sales increased 3%, and we ended the quarter with 816 stores globally.Source: earnings call transcript | 825In our store channel, Total sales decreased 6%, and we ended the quarter with 825 stores globally.Source: earnings call transcript | +1.1% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.