Lululemon outperforms FY25 guidance amid boardroom critiques

For the fiscal twelvemonth ending 1 February 2026, the retailer reported a 5% summation successful nett revenue, reaching $11.1bn, driven by double-digit gross maturation successful its planetary operations

These results surpassed the company’s projected nett gross scope of $10.96bn to $11.05bn for the period.

Lululemon interim co-CEO, president, and main commercialized serviceman André Maestrini said: "Throughout 2025, we reported double-digit gross maturation successful our planetary concern and are taking enactment to incorporated learnings from crossed our regions to thrust guardant our strategies. Our teams are energised by the archetypal effect to our caller merchandise launches and proceed to present palmy impermanent activations globally.”

Lululemon’s gross nett remained dependable astatine $6.3bn, portion gross borderline declined by 260 ground points to 56.6% implicit the year.

By region, the Americas' nett gross decreased 1% and planetary income increated 22% oregon 21% connected a changeless dollar basis.

Comparable income successful the Americas decreased 3%, whilst planetary comparable income accrued 15% oregon 14% connected a changeless dollar basis.

Income from operations dropped by 12% to $2.2bn, with operating borderline down by 380 ground points to 19.9%.

The retailer’s diluted net per stock (EPS) were $13.26, compared to $14.64 successful the erstwhile year, but inactive supra the projected scope of $12.92 to $13.02.

Lululemon added 44 nett caller company-operated stores during the year, ending with 811 stores.

In the 4th fourth (Q4), nett gross accrued by 1% to $3.6bn, exceeding expectations of $3.50bn to $3.59bn.

Gross nett fell by 8% to $2.0bn, and gross borderline decreased by 550 ground points to 54.9%.

Americas nett gross decreased 4% oregon 5% and, whereas planetary gross accrued 17% oregon 14%. Americas comparable income dropped 1% oregon 2% and planetary comparable income jumped 20% oregon 16%.

The institution saw its income from operations driblet 22% to $812.3m, with operating borderline declining by 660 ground points to 22.3%. Diluted EPS for the 4th were $5.01, compared to $6.14 successful the aforesaid play past year.

For the archetypal 4th of fiscal 2026, Lululemon expects nett gross betwixt $2.40bn and $2.43bn, representing maturation of 1% to 3%.

The institution anticipates diluted EPS to beryllium betwixt $1.63 and $1.68, based connected an estimated taxation complaint of astir 31.5%.

For the afloat twelvemonth of fiscal 2026, nett gross is projected to beryllium successful the scope of $11.35bn to $11.50bn, indicating maturation of 2% to 4%.

Diluted net per stock are expected to beryllium betwixt $12.10 and $12.30 for the year, assuming a taxation complaint of astir 30%.