Lululemon Athletica (LULU): 10 Best Canadian Stocks to Invest In According to Billionaires

1 day ago 3

Maham Fatima

Thu, June 11, 2026 astatine 10:14 AM CDT 2 min read

Lululemon Athletica Inc. (NASDAQ:LULU) is 1 of the best Canadian stocks to put successful according to billionaires. On June 4, Lululemon Athletica reported its fiscal results for FQ1 2026. The institution saw nett gross summation 4% to $2.5 billion, portion diluted EPS were $1.69, down from $2.60 successful the aforesaid play past year. During the quarter, the institution repurchased 2.2 cardinal shares for $358.3 cardinal and expanded its retail footprint to 816 stores.

Interim Co-CEOs Meghan Frank and André Maestrini noted a coagulated commencement to the twelvemonth characterized by disciplined execution and maturation successful planetary markets, which saw gross emergence 22%. However, the institution experienced a 3% diminution successful Americas nett gross and is presently navigating marketplace headwinds. Management is taking steps to reposition the business, fortify its merchandise engine, and code caller show challenges to reignite growth.

10 Best Canadian Stocks to Invest In According to Billionaires

Photo by Ian Deng Quddu connected Unsplash

Looking ahead, Lululemon has adjusted its outlook for the remainder of the year. For the 2nd quarter, the institution anticipates nett gross betwixt $2.45 cardinal and $2.475 billion. For the afloat fiscal twelvemonth 2026, Lululemon Athletica Inc. (NASDAQ:LULU) present expects nett gross to scope from $11 cardinal to $11.15 billion, with diluted net per stock projected to beryllium betwixt $10.95 and $11.15.

Lululemon Athletica Inc. (NASDAQ:LULU) engages successful the concern of designing, distributing, and retailing method diversion apparel, footwear, and accessories.

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