Lululemon Athletica Inc. · LULU · Next earnings

Lululemon Athletica Inc. reports Thursday, Dec 10, 2026

LULU reports after market close with consensus EPS at $0.97 and revenue at $2.31B. Last quarter: Lululemon Q1 FY2027: Revenue Beat Overshadowed by Guidance Cut, 6% North America Comp Decline

Reports After market close81 days awayDate estimated Consumer Cyclical

What the street expects

Consensus for the coming report
Consensus EPS $0.97 Calendar consensus
Consensus revenue $2.31B Calendar consensus
Report date Dec 10, 2026 Thursday, date estimated
Session After market close 81 days away

Where LULU left off: FY2027 Q1

Full report

Lululemon Q1 FY2027: Revenue Beat Overshadowed by Guidance Cut, 6% North America Comp Decline

EPS surprise +1.2% Reported $1.69 vs $1.67
Revenue surprise +1.4% Reported $2.47B vs $2.44B
Stock move -8.6% Event window
Subsequent drift +0.7% Up to 20 sessions

Full-year revenue guidance was lowered from the 2-4% growth range issued in Q4 FY2025 to flat-to-down-1%. Gross margin is now expected to compress approximately 90 bps year-over-year, reflecting tariff costs and higher seasonal clearance. Guidance sentiment shifted from maintained to lowered. CapEx outlook moved from decreasing to stable.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Negative media and social commentary affecting brand perception and traffic
  • Underperforming product launches and new-style halo effect shortfall
  • Tariff impacts and related gross margin pressure
  • Seasonal clearance needs and higher markdown expectations
  • Geopolitical tension affecting Middle East franchise and broader macro environment

Questions analysts left open

  • Percentage of new versus core assortment and its impact on sales
  • Margin outlook and expected trajectory of markdowns
  • Effectiveness of SKU reduction on conversion and sales productivity
  • China performance drivers and sustainability of growth
  • Scale and timing of increased marketing spend

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Recent LULU quarters

All LULU earnings
-8.6%FY2027 Q1

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2027 Q1

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.