lululemon athletica (LULU) Q2 FY27 earnings call

Earnings call· Jul 2026 (Q2 FY27)· Consumer Discretionary· Sep 3, 2026

Source: earnings call transcript

Lululemon reported a challenging second quarter with revenue and comparable sales falling short of expectations, leading to a significant reduction in full-year guidance. The company attributes the softness to negative brand sentiment, inconsistent product launch responses, and a competitive market, particularly in North America and China Mainland. Management is implementing actions to improve product assortment, enhance brand relevance through increased marketing, and aggressively manage costs, while awaiting the new CEO's strategic review.

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LULU operating KPIs by quarter

LULU operating KPIs stated on its earnings calls, by fiscal quarter
KPI	Feb 2026 Q4 FY26	May 2026 Q1 FY27	This call Jul 2026 Q2 FY27	Change vs prior quarter
Stores	811 We ended the quarter with a total of 811 stores globally. Source: earnings call transcript	816 In our store channel, total sales increased 3%, and we ended the quarter with 816 stores globally. Source: earnings call transcript	825 In 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.