lululemon athletica is set to report second-quarter fiscal 2026 results on September 3, with analysts expecting a 2.3% revenue increase to $2.5 billion but a 42.3% drop in earnings per share to $1.79. The company's guidance points to revenues of $2.45-$2.475 billion, a 2-3% decline, and EPS of $1.76-$1.81, reflecting softer North American demand and margin pressures. Management cited moderating sales trends, higher markdowns, tariff costs, and elevated SG&A expenses as key headwinds, with operating margin expected to contract 910 basis points to 11.6%. International markets, particularly Mainland China, are projected to grow 19.5% and Rest of World 14.6%, partially offsetting weakness in the Americas. lululemon's shares have fallen 11.4% over the past three months, underperforming its industry, and the company trades at a forward P/E of 10.33X, below the industry average of 15.05X.
Lululemon Athletica Inc.Q2 earnings preview shows EPS expected to drop 42.3% and guidance below estimates due to margin pressures and softer demand.
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