Lululemon FY26 Q2 net income drops 11% to $329.22 million; net revenue falls 4% to $2.42 billion

• Lululemon posted Q2 results with net income down 11.2% to $329.22 million; diluted EPS fell to $2.92 from $3.10.
• Net revenue dropped 4% to $2.42 billion; comparable sales declined 9%, led by a 12% slide in the Americas.
• Operating income decreased 13% to $453.65 million; operating margin narrowed 1.9 percentage points to 18.8%.
• Gross margin widened 2 percentage points to 60.5%, including a 5.6-point lift from $134.5 million of IEEPA tariff refunds.
• Management cited reduced traffic, lower conversion, and lower average order value in the Americas; an action plan targets product, activation, and enablement.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Lululemon Athletica Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001397187-26-000127), on September 03, 2026, and is solely responsible for the information contained therein.