lululemon athletica inc. (LULU)

The company now

lululemon reported second-quarter revenue of $2.4 billion on 3 September 2026, down 4 percent from a year earlier 1. Comparable sales, which track stores and online sales open at least a year, fell 12 percent in the Americas 1.

Profit was helped by $134.5 million of refunds of import tariffs, which added 560 basis points to gross margin 1. A basis point is one hundredth of a percentage point 1.

The company expects 2026 revenue of $10.350 billion to $10.500 billion, a decline of 5 to 7 percent 1. FashionUnited notes this lowers its earlier outlook 12.

Heidi O'Neill, formerly of Nike, became chief executive on 8 September 2026, and new product and operations chiefs took up newly created roles on 26 October 45.

The open question is whether this new team can stop the slide in the Americas, where revenue fell 8 percent in the quarter 1.

As of Oct 28, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.