Lululemon Athletica (LULU)
NASDAQConsumer DiscretionaryApparel RetailSnapshot 2026-07-07
$115.07-0.49%
Close 2026-07-07 · 1-day change
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Track LULU free→Warn: Management is running behind on a stated commitment.
Lululemon aims for 2% to 4% revenue growth in 2026 with $11.15B revenue guidance. Profit per share is guided between $10.95 and $11.15. New store openings in India and board stability support growth. The company trades cheap with a P/E of 9.3 versus peers at 23.2.
Sales growth is pressured by slowing demand in China and brand controversies. Management is volatile with recent earnings cuts. Competition and tariff risks may hurt margins and revenue growth.
The market prices in about 8% revenue growth and a 42% discount to our fair value near $200. Our fair value is well above the Street median of $115, reflecting optimism on recovery and growth. Recent guidance cuts and earnings revisions show risks to these expectations.
Breaks if: China sales decline more than 5% YoY in FY26
Breaks if: EPS falls below $10.95 in FY26
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Lululemon has set an EPS guidance range of $10.95 to $11.15 for the fiscal year 2026.
Stated in 2 of last 2 quarters. EPS guidance for 2026 is $10.95 to $11.15. The diluted EPS for 2026-Q1 was $1.69, which is below the quarterly guidance range of $1.76 to $1.81, indicating limited progress towards the annual target.
“Diluted earnings per share are now expected to be in the range of $10.95 to $11.15 for the year.”
“Diluted earnings per share are expected to be in the range of $12.10 to $12.30 for the year.”
Breaks if: Major CEO departure or board instability occurs
Breaks if: YoY revenue growth falls below 2% in FY26
Lululemon aims to achieve a revenue growth of 2% to 4% for the fiscal year 2026.
Stated in 3 of last 3 quarters. Revenue guidance for 2026 is $11.000 billion to $11.150 billion, indicating a growth target of 2% to 4%. The trajectory shows persistent focus, but limited substantive delivery so far as the revenue for 2026-Q1 was $2.471 billion, slightly below the guidance range.
“For 2026, the Company now expects net revenue to be in the range of $11.000 billion to $11.150 billion.”
“For 2026, the Company expects net revenue to be in the range of $11.350 billion to $11.500 billion, representing growth of 2% to 4%.”
“For 2025, the Company now expects net revenue to be in the range of $10.962 billion to $11.047 billion.”