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AI brief of an SEC Form 8-K · Lululemon Athletica (LULU)

lululemon Q1 profit falls 37% as revenue rises 4% and full-year outlook is adjusted

Mixed Impact 4 of 5 earnings Written later

lululemon reported first-quarter fiscal 2026 net revenue up 4% to $2.5 billion, but income from operations fell 37% to $276.9 million and diluted EPS dropped to $1.69 from $2.60. The company said headwinds led it to adjust its full-year outlook, now expecting 2026 net revenue of $11.000 billion to $11.150 billion and diluted EPS of $10.95 to $11.15.

Key points

  • Q1 net revenue rose 4% to $2.5 billion, but Americas net revenue fell 3%
  • Income from operations fell 37% to $276.9 million; gross margin decreased 410 basis points to 54.2%
  • Q2 2026 net revenue is expected at $2.450 billion to $2.475 billion, a decline of 3% to 2%, with diluted EPS of $1.76 to $1.81
  • The company repurchased 2.2 million shares for $358.3 million in the quarter and ended with $1.5 billion in cash

The filing

CompanyLululemon Athletica (LULU)
Form8-K, current report
Filed with the SECJun 4, 2026, 4:09 PM ET
Accession number0001397187-26-000077

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:12 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 04, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.