Lululemon Athletica (0JVT) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

May 28, 2026

After Close (Confirmed)

Period Ending

2026 (Q1)

Consensus EPS Forecast

1.72

Last Year’s EPS

2.6

Same Quarter Last Year

Analyst Consensus

Hold

Based on 20 Analysts Ratings

Earnings Call Summary

Q4 2025

Earnings Call Date:Mar 17, 2026|

% Change Since:

Earnings Call Sentiment|Neutral

The call presents a balanced picture: clear progress and strategic initiatives (product innovation, international strength, digital growth, store productivity, share repurchases and an actionable enterprise enablement plan) are offset by significant near-term headwinds (large gross margin compression driven by tariffs and markdowns, SG&A deleverage, guidance for modest revenue growth and lower EPS, and expected North America softness). Management outlines a credible multi-pronged plan and early green shoots in product and activations, but the company is guiding through a transitional year with meaningful margin and earnings pressure in 2026.

Company Guidance

lululemon guided fiscal 2026 revenue of $11.35–$11.50 billion (growth of 2–4% vs. 2025) with North America down 1–3% (U.S. down 1–3%), China Mainland up ~20% (Q1 China expected +25–30%), and Rest of World growth in the mid‑teens; Q1 revenue is guided to $2.40–$2.43 billion (1–3% y/y) with North America down mid‑single digits and ~6 net new stores/6 optimizations. The company expects to open ~40–45 net new company‑operated stores in 2026 (≈15 in North America including ~8 in Mexico; 25–30 international, majority in China), complete ~35 optimizations, and drive low‑double‑digit square footage growth. Gross margin is forecast to decline ~120 basis points for the year (Q1 ≈‑380 bps), with tariff headwinds (management cited ~$380M gross tariff impact in 2026 with ≈$160M of offsets; FY tariff impact ~90 bps that management expects to largely offset) and markdowns expected to improve modestly (Q1 markdowns ~+30 bps, with improvement mainly in H2). SG&A is expected to deleverage ~130 bps for the year (Q1 deleverage ~330 bps), operating margin to decline ~250 bps for the year (Q1 ~‑710 bps), and FY diluted EPS to be $12.10–$12.30 (vs. $13.26 in 2025) with Q1 EPS $1.63–$1.68 (vs. $2.60); effective tax rate ~30% for the year (~31.5% in Q1). Capital expenditures are expected to be $725–$745 million (~6% of revenue), inventory dollar growth is guided to mid‑ to high‑single digits with units flat to slightly down, the company exited Q4 with ~$1.8 billion cash and ~ $600 million of revolver capacity, and ~ $1.2 billion remains on the share‑repurchase authorization (repurchases in 2025 totaled about $1.2 billion; 2026 repurchase cadence expected to be similar).

Revenue Growth and Comparable Sales

Total net revenue for Q4 rose 1% to $3.6 billion; excluding the 53rd week, net revenue rose 6% (4% in constant currency) and comparable sales increased 2%.

Strong Performance in China and International Momentum

China Mainland revenue increased 28% in Q4 with comparable sales up 26%; company expects China revenue to grow ~20% for the full year 2026 and 25%–30% in Q1. Rest of World revenue grew 12% in Q4 and is expected to increase in the mid-teens in 2026.

Digital Channel Strength

Digital revenues increased 9% in Q4 and contributed $1.9 billion of top-line sales, supporting omnichannel momentum.

New Product Innovation and Increased Newness Penetration

Management highlighted new product franchises (Unrestricted Power, updated ShowZero, ThermoZen) and increased new-style penetration in North America to ~35% (from 23% in 2025), with positive guest response and rising employee purchases as an early signal of product acceptance.

Store Growth and Productivity

Ended the quarter with 811 stores and square footage up 11% year-over-year after 44 net new stores since Q4 2024; company reports new store openings returning >100% ROI with top larger stores generating sales per square foot over $1,400.

Balance Sheet and Share Repurchases

Ended Q4 with $1.8 billion in cash, nearly $600 million available capacity on the revolver, repurchased ~1.4 million shares in the quarter (avg price $188) and repurchased $1.2 billion in the full year; $1.2 billion remains on the repurchase authorization.

Action Plan and Enterprise Enablement Progress

Management outlined an action plan across product creation, product activation and enterprise enablement (inventory management, supply chain efficiencies, AI automation) and has begun realizing offsets to tariff impacts via mitigation and efficiency initiatives (offsets of $62M in 2025 and targeting $160M offsets in 2026).

Lululemon Athletica (GB:0JVT) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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GB:0JVT Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
May 28, 2026	2026 (Q1)	1.72 / -	2.6	―	―	―
Mar 17, 2026	2025 (Q4)	4.79 / 5.01	6.14	-18.40% (-1.13)
Dec 11, 2025	2025 (Q3)	2.22 / 2.59	2.87	-9.76% (-0.28)
Sep 04, 2025	2025 (Q2)	2.91 / 3.10	3.15	-1.59% (-0.05)
Jun 05, 2025	2025 (Q1)	2.58 / 2.60	2.54	2.36% (+0.06)
Mar 27, 2025	2024 (Q4)	5.85 / 6.14	5.28	16.29% (+0.86)
Dec 05, 2024	2024 (Q3)	2.71 / 2.87	2.53	13.44% (+0.34)
Aug 29, 2024	2024 (Q2)	2.95 / 3.15	2.68	17.54% (+0.47)
Jun 05, 2024	2024 (Q1)	2.42 / 2.54	2.28	11.40% (+0.26)
Mar 21, 2024	2023 (Q4)	5.00 / 5.28	4.4	20.00% (+0.88)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

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Missed

GB:0JVT Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Mar 17, 2026	$161.32	―	―
Dec 11, 2025	$183.99	$206.53	+12.25%
Sep 04, 2025	$204.11	$168.71	-17.34%
Jun 05, 2025	$334.51	$266.55	-20.32%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.