Jul 2026 (Q2 FY27) — Sep 3, 2026
lululemon athletica inc. Q2 FY27 — Guidance Cut Amidst Soft Sales and Brand Sentiment Challenges
Read the full calllululemon athletica (LULU) earnings
- Aug 2026
- Jul 2026 (Q2 FY27)
- Feb 2026
lululemon athletica earnings: last reported Thu, 3 Sep 2026, for the quarter ended Jul 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 2,416 | −4.3% YoY | Quarterly, as filed | Quarter to Aug 2026 | Revenue from operations as filed. |
| Operating margin | 18.8 | −2.0 pts YoY | Operating profit / revenue | Quarter to Aug 2026 | For the quarter; a change is in percentage points. |
| Net profit | 329 | −11.2% YoY | Quarterly, as filed | Quarter to Aug 2026 | Profit after tax as filed. |
Price
$97.76 +0.68% · +$0.66
Performance −41.6% 1Y
1Y: $167.41 on 17 Oct 2025 → $97.76. High $215.88 (6 Jan 2026), low $91.88 (7 Oct 2026).
- Previous close
- $97.1
- 52-week range
- $91.88 – $215.88
- One year
- −43.30%
Overview
- Symbol
- LULU
- Sector
- Consumer Discretionary
- Exchange
- US
- Currency
- USD
Call summaries
May 2026 (Q1 FY27) — Jun 4, 2026
lululemon Q1 FY27 – North America Weakness & Revised Outlook
Read the full callFeb 2026 (Q4 FY26) — Mar 17, 2026
lululemon athletica inc. Q4 FY26 — North America Full-Price Sales Reacceleration Focus
Read the full callEvery analysed call
lululemon athletica earnings calls (LULU)
Financials
What the filings say
Net profit, year on year: −11% (quarter to aug 2026 against aug 2025).
| Line item | Oct 2024 | Feb 2025 | May 2025 | Aug 2025 | Nov 2025 | Feb 2026 | May 2026 | Aug 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 2,397 | 3,611 | 2,371 | 2,525 | 2,566 | 3,641 | 2,472 | 2,416 |
| Operating profit | 491 | 1,042 | 439 | 524 | 436 | 812 | 277 | 454 |
| Operating margin | 20.5% | 28.9% | 18.5% | 20.7% | 17.0% | 22.3% | 11.2% | 18.8% |
| Profit before tax | 504 | 1,058 | 450 | 534 | 442 | 813 | 286 | 467 |
| Tax rate | 30.2% | 29.2% | 30.2% | 30.5% | 30.5% | 27.8% | 31.8% | 29.6% |
| Net profit | 352 | 748 | 315 | 371 | 307 | 587 | 195 | 329 |
| EPS ($ per share) | 2.87 | — | 2.61 | 3.10 | 2.59 | — | 1.69 | 2.92 |
| Line item | Feb 2019 | Feb 2020 | Jan 2021 | Jan 2022 | Jan 2023 | Jan 2024 | Feb 2025 | Feb 2026 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Reserves | 1,347 | 1,821 | 2,346 | 2,513 | 2,926 | 3,920 | 4,110 | 4,523 |
| Total liabilities | 639 | 1,329 | 1,627 | 2,202 | 2,458 | 2,860 | 3,279 | 3,495 |
| Fixed assets | 567 | 672 | 746 | 928 | 1,270 | 1,546 | 1,781 | 2,034 |
| Total assets | 2,085 | 3,281 | 4,185 | 4,942 | 5,607 | 7,092 | 7,603 | 8,457 |
| Line item | Feb 2019 | Feb 2020 | Jan 2021 | Jan 2022 | Jan 2023 | Jan 2024 | Feb 2025 | Feb 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 743 | 669 | 803 | 1,389 | 966 | 2,296 | 2,273 | 1,602 |
| Cash from investing | -243 | -278 | -696 | -428 | -570 | -654 | -798 | -662 |
| Cash from financing | -590 | -177 | -81 | -845 | -467 | -549 | -1,653 | -1,209 |
| Net cash flow | -109 | 212 | 57 | 109 | -105 | 1,089 | -260 | -177 |
| Capital expenditure | -226 | -283 | -229 | -395 | -639 | -652 | -689 | -681 |
| Free cash flow | 517 | 386 | 574 | 995 | 328 | 1,644 | 1,583 | 922 |
LULU revenue by segment
Americas shrank from 74% to 67% of revenue over the last two years.
| Segment | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | Q4 FY2026 | Q1 FY2027 | Q2 FY2027 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Americas | 74% | 77% | 71% | 70% | 68% | 74% | 66% | 67% | -8.0% |
| China Mainland | 13% | — | 16% | 16% | 18% | 15% | 19% | 17% | +3.6% |
| Other Country | 13% | 11% | 14% | 15% | 14% | 12% | 15% | 16% | +4.7% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
LULU operating KPIs by quarter
| KPI | Feb 2026 Q4 FY26 | 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.
Revenue by region
Q2 FY2027 · share of revenue
- Americas 67% ↓ 7 pt
- US 54% ↓ 6 pt
- CN 19% ↑ 4 pt
- China Mainland 17% ↑ 4 pt
- Rest Of World 14% ↑ 3 pt
- CA 12% ↓ 2 pt
- Hong Kong SAR Taiwan and Macau SAR 2%
- MX 1% ↑ 1 pt
As LULU cuts its regions in its filings; they can nest, so they need not add to 100%.
Insider filings
55 filings between Dec 15, 2025 and Oct 9, 2026.
Open market
decisions to buy or sellPurchases
$1.99M
3 purchases by 2 insiders
Sales
$3.42M
4 sales by 3 insiders
Compensation
not trading decisions- 28
- Award — granted as compensation
- 5
- Option exercise — converted options into shares
- 14
- Tax withheld — shares kept back by the company to cover tax
Also filed: 1 gift.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| BURGOYNE CELESTE | — | $2.76M | Dec 16, 2025 |
| Bergh Charles V | $1.50M | — | Jun 15, 2026 |
| FRANK MEGHAN | — | $561.8K | Dec 30, 2025 |
| MAESTRINI ANDRE | $494.6K | — | Apr 1, 2026 |
| NEUBURGER NICOLE | — | $100.1K | Apr 8, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 9, 2026 | FRANK MEGHAN Chief Financial Officer | Award | 42,328 | $0 |
| Jun 25, 2026 | McNeill Jon Director | Award | 1,606 | $0 |
| Jun 25, 2026 | Henry Kathryn Director | Award | 1,606 | $0 |
| Jun 25, 2026 | Bergh Charles V Director | Award | 1,606 | $0 |
| Jun 25, 2026 | White Emily Director | Award | 1,606 | $0 |
| Jun 25, 2026 | Gentile Laura Director | Award | 1,606 | $0 |
| Jun 25, 2026 | Loehnis Alison Director | Award | 1,606 | $0 |
| Jun 25, 2026 | List Teri Director | Award | 1,606 | $0 |
| Jun 25, 2026 | Mahe Isabel Director | Award | 1,606 | $0 |
| Jun 25, 2026 | Maurer Marc Director | Award | 1,606 | $0 |
| Jun 25, 2026 | Bracey Esi Eggleston Director | Award | 1,606 | $0 |
| Jun 25, 2026 | MORFITT MARTHA A M Director | Award | 1,606 | $0 |
| Jun 15, 2026 | Bergh Charles V Director | Purchase | 4,275 | $500.4K |
| Jun 9, 2026 | Bracey Esi Eggleston Director | Award | 247 | $0 |
| Jun 8, 2026 | NEUBURGER NICOLE Chief Brand Officer | Tax withheld | 55 | $6.5K |
| Jun 8, 2026 | FRANK MEGHAN CFO & Interim Co-CEO | Tax withheld | 28 | $3.3K |
| Apr 8, 2026 | NEUBURGER NICOLE Chief Brand Officer | Sale | 622 | $100.1K |
| Apr 1, 2026 | MAESTRINI ANDRE Pres, CCO & Interim Co-CEO | Purchase | 3,275 | $494.6K |
| Mar 31, 2026 | MAESTRINI ANDRE Pres, CCO & Interim Co-CEO | Tax withheld | 357 | $54.7K |
| Mar 31, 2026 | FRANK MEGHAN CFO & Interim Co-CEO | Tax withheld | 400 | $61.2K |
| Mar 31, 2026 | NEUBURGER NICOLE Chief Brand Officer | Tax withheld | 369 | $56.5K |
| Mar 30, 2026 | NEUBURGER NICOLE Chief Brand Officer | Option exercise | 3,754 | $0 |
| Mar 30, 2026 | MAESTRINI ANDRE Pres, CCO & Interim Co-CEO | Tax withheld | 224 | $32.7K |
| Mar 30, 2026 | FRANK MEGHAN CFO & Interim Co-CEO | Option exercise | 3,754 | $0 |
| Mar 30, 2026 | MAESTRINI ANDRE Pres, CCO & Interim Co-CEO | Option exercise | 4,692 | $0 |
| Mar 30, 2026 | NEUBURGER NICOLE Chief Brand Officer | Tax withheld | 201 | $29.3K |
| Mar 30, 2026 | NEUBURGER NICOLE Chief Brand Officer | Tax withheld | 1,979 | $288.6K |
| Mar 30, 2026 | FRANK MEGHAN CFO & Interim Co-CEO | Tax withheld | 201 | $29.3K |
| Mar 30, 2026 | FRANK MEGHAN CFO & Interim Co-CEO | Tax withheld | 1,977 | $288.3K |
| Mar 30, 2026 | MAESTRINI ANDRE Pres, CCO & Interim Co-CEO | Tax withheld | 2,206 | $321.7K |
| Mar 25, 2026 | MAESTRINI ANDRE Pres, CCO & Interim Co-CEO | Tax withheld | 220 | $34.9K |
| Mar 25, 2026 | FRANK MEGHAN CFO & Interim Co-CEO | Tax withheld | 246 | $39.0K |
| Mar 25, 2026 | NEUBURGER NICOLE Chief Brand Officer | Tax withheld | 224 | $35.6K |
| Mar 20, 2026 | Bergh Charles V Director | Purchase | 6,090 | $1000.0K |
| Mar 19, 2026 | MUSSAFER DAVID M Director | Award | 1,087 | $0 |
| Mar 19, 2026 | Bergh Charles V Director | Award | 272 | $0 |
| Mar 19, 2026 | Das Ranju Chief AI & Technology Officer | Award | 3,926 | $0 |
| Mar 19, 2026 | FRANK MEGHAN CFO & Interim Co-CEO | Award | 5,436 | $0 |
| Mar 19, 2026 | NEUBURGER NICOLE Chief Brand Officer | Award | 3,745 | $0 |
| Mar 19, 2026 | MAESTRINI ANDRE Pres, CCO & Interim Co-CEO | Award | 5,436 | $0 |
| Mar 19, 2026 | GRANT SHANE Director | Award | 695 | $0 |
| Mar 19, 2026 | Mahe Isabel Director | Award | 664 | $0 |
| Mar 19, 2026 | McNeill Jon Director | Award | 355 | $0 |
| Dec 30, 2025 | FRANK MEGHAN Chief Financial Officer | Option exercise | 1,399 | $234.4K |
| Dec 30, 2025 | FRANK MEGHAN Chief Financial Officer | Option exercise | 1,364 | $228.5K |
| Dec 30, 2025 | FRANK MEGHAN Chief Financial Officer | Sale | 2,658 | $561.8K |
| Dec 19, 2025 | MORFITT MARTHA A M Director | Gift | 6,500 | $0 |
| Dec 17, 2025 | MORFITT MARTHA A M Director | Award | 3,608 | $0 |
| Dec 16, 2025 | BURGOYNE CELESTE Pres Americas & Global Guest | Sale | 11,605 | $2.37M |
| Dec 16, 2025 | BURGOYNE CELESTE Pres Americas & Global Guest | Sale | 1,906 | $387.8K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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