1 hr. ago
JB Global Capital, an investment firm, released its second-quarter 2026 investor letter. A copy of the letter can be downloaded here. The fund declined 12.1% in Q2, largely driven by Alibaba, its largest holding. However, since inception on January 3, 2023, the fund has returned 109.7%, compared with 94.4% for the S&P 500. Additionally, please check the fund's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, JB Global Capital highlighted Lululemon Athletica Inc. (NASDAQ:LULU). Lululemon Athletica Inc. (NASDAQ:LULU) designs, distributes, and retails athletic apparel, footwear, and accessories. On August 10, 2026, Lululemon Athletica Inc. (NASDAQ:LULU) closed at $127.80 per share. The one-month return of Lululemon Athletica Inc. (NASDAQ:LULU) was 8.93%, and its shares lost 33.76% over the past 52 weeks. Lululemon Athletica Inc. (NASDAQ:LULU) has a market capitalization of $14.51 billion.
JB Global Capital stated the following regarding Lululemon Athletica Inc. (NASDAQ:LULU) in its Q2 2026 investor letter:
"In September 2025, I published Investment Case: Lululemon Athletica Inc. (NASDAQ:LULU), calling the stock compelling value at $162 per share. The thesis rested on a business trading well below what its fundamentals justified: a debt-free balance sheet, 58% gross margins against a 33% industry average, and a brand strong enough to sustain 37% operating margins in both North America and mainland China. Triangulating across a DCF, relative comps to Nike and Adidas, and net ***** et value, I arrived at a fair value range of $194-280 per share. Today, the stock trades at roughly $123 per share, 24% below my initial entry.
So what went wrong? Two things: one about my own process, and one about how little of the future can be known in advance. The first is the limits of backward-looking ***** ysis. My thesis leaned heavily on trailing financials that were real, but historical. Since then, gross margin has compressed, operating margin has contracted, and ROE is down nearly 10% from a year ago. None of this means the business is broken. The balance sheet is still debt-free with $1.5 billion in cash, margins remain well above most apparel peers, and I still hold the position at roughly 9% of the portfolio. But it's a reminder that heavily underwriting the past for an exceptional business is an easy way to end up underwater on a position.…" (Click here to read the full text)
#lululemon #athletica #investor
In its Q2 2026 investor letter, JB Global Capital highlighted Lululemon Athletica Inc. (NASDAQ:LULU). Lululemon Athletica Inc. (NASDAQ:LULU) designs, distributes, and retails athletic apparel, footwear, and accessories. On August 10, 2026, Lululemon Athletica Inc. (NASDAQ:LULU) closed at $127.80 per share. The one-month return of Lululemon Athletica Inc. (NASDAQ:LULU) was 8.93%, and its shares lost 33.76% over the past 52 weeks. Lululemon Athletica Inc. (NASDAQ:LULU) has a market capitalization of $14.51 billion.
JB Global Capital stated the following regarding Lululemon Athletica Inc. (NASDAQ:LULU) in its Q2 2026 investor letter:
"In September 2025, I published Investment Case: Lululemon Athletica Inc. (NASDAQ:LULU), calling the stock compelling value at $162 per share. The thesis rested on a business trading well below what its fundamentals justified: a debt-free balance sheet, 58% gross margins against a 33% industry average, and a brand strong enough to sustain 37% operating margins in both North America and mainland China. Triangulating across a DCF, relative comps to Nike and Adidas, and net ***** et value, I arrived at a fair value range of $194-280 per share. Today, the stock trades at roughly $123 per share, 24% below my initial entry.
So what went wrong? Two things: one about my own process, and one about how little of the future can be known in advance. The first is the limits of backward-looking ***** ysis. My thesis leaned heavily on trailing financials that were real, but historical. Since then, gross margin has compressed, operating margin has contracted, and ROE is down nearly 10% from a year ago. None of this means the business is broken. The balance sheet is still debt-free with $1.5 billion in cash, margins remain well above most apparel peers, and I still hold the position at roughly 9% of the portfolio. But it's a reminder that heavily underwriting the past for an exceptional business is an easy way to end up underwater on a position.…" (Click here to read the full text)
#lululemon #athletica #investor
25 days ago
The logistics industry has spent the past few years talking about robots, warehouse automation and artificial intelligence. This year, that talk has turned into real money.
But the way companies are spending it looks different from what it did even two years ago. Instead of chasing fully automated "lights-out" warehouses, most operators are building hybrid systems that mix people, robots and software in ways they can adjust as conditions change.
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But the way companies are spending it looks different from what it did even two years ago. Instead of chasing fully automated "lights-out" warehouses, most operators are building hybrid systems that mix people, robots and software in ways they can adjust as conditions change.
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2 months ago
Lululemon Athletica Inc (NASDAQ:LULU) shares rose more than 3% after shareholders approved three management-backed directors at the company's June 25 annual general meeting, helping resolve a prolonged proxy dispute with founder Chip Wilson.
The elected directors include former Levi Strauss CEO Chip Bergh, Unilever executive Esi Eggleston Bracey and finance veteran Teri List. Their appointment strengthens the board as the company prepares for incoming CEO Heidi O'Neill, who is set to take over in September.
Lululemon also confirmed that two of Wilson's nominees, former On co-CEO Marc Maurer and former ESPN chief marketing officer Laura Gentile, have also joined the board as independent directors.
A third mutually agreed director is expected to be added by October 1, expanding the board to 11 members.
The changes follow a settlement reached in May aimed at ending months of public tension between Wilson, who owns about 8.6% of the company, and Lululemon's leadership.
The elected directors include former Levi Strauss CEO Chip Bergh, Unilever executive Esi Eggleston Bracey and finance veteran Teri List. Their appointment strengthens the board as the company prepares for incoming CEO Heidi O'Neill, who is set to take over in September.
Lululemon also confirmed that two of Wilson's nominees, former On co-CEO Marc Maurer and former ESPN chief marketing officer Laura Gentile, have also joined the board as independent directors.
A third mutually agreed director is expected to be added by October 1, expanding the board to 11 members.
The changes follow a settlement reached in May aimed at ending months of public tension between Wilson, who owns about 8.6% of the company, and Lululemon's leadership.
2 months ago
One of the top retail stories of 2026 has to be the total collapse of Lululemon's (LULU) market cap. At the start of the new year, the leisure apparel brand's equity was valued at over $24 billion. It's now less than $12 billion.
As someone who believes Lululemon remains a Canadian success story, even I'm starting to lose patience with a company and board that seems ***** -bent on destroying shareholder value.
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As someone who believes Lululemon remains a Canadian success story, even I'm starting to lose patience with a company and board that seems ***** -bent on destroying shareholder value.
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2 months ago
The AI trade started with chips. Now it's running into the electric grid.
US data center electricity demand could more than double by 2030, rising from roughly 167 terawatt-hours in 2023 to about 376 TWh by the end of the decade, according to a Yahoo Finance ***** ysis of government and industry data.
The increase alone is roughly enough electricity to power 20 million average US homes for a year — and closer to 25 million to 27 million homes if total power generation grows with demand.
That shift is turning power from a background cost into a frontline constraint — and making battery storage part of the AI infrastructure story.
Brett Conrad, Fixx Energy chair and a member of the founding team of Lululemon (LULU), sees storage as part of the answer.
US data center electricity demand could more than double by 2030, rising from roughly 167 terawatt-hours in 2023 to about 376 TWh by the end of the decade, according to a Yahoo Finance ***** ysis of government and industry data.
The increase alone is roughly enough electricity to power 20 million average US homes for a year — and closer to 25 million to 27 million homes if total power generation grows with demand.
That shift is turning power from a background cost into a frontline constraint — and making battery storage part of the AI infrastructure story.
Brett Conrad, Fixx Energy chair and a member of the founding team of Lululemon (LULU), sees storage as part of the answer.
2 months ago
A week ago, I predicted that Lululemon Athletica (NASDAQ:LULU) stock would take a beating if the company reported weak earnings or lowered its 2026 guidance. And unfortunately, both of those things happened when the company posted its fiscal 2026 first-quarter report on June 4.
Now the company is trading at an eight-year low, having fallen more than 12% post-earnings. Where does the athleisure company go from here?
Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »
First, let’s see what happened. For the quarter ending May 3, Lululemon posted revenue of $2.47 billion, up from $2.37 billion a year ago. However, the cost of goods sold jumped 14% year over year, pushing the company’s gross profit down by more than 4%. On top of that, Lululemon’s selling and general expenses rose 12.4%, to $1.05 billion. All that led to the company’s net income falling 38% to $195 million for the quarter. Earnings per share were $1.69, versus $2.60 in the same period a year ago.
While Lululemon is growing in popularity in China, its biggest problem lies in domestic sales, as revenue and comparable sales in the U.S. were down significantly from last year.
Now the company is trading at an eight-year low, having fallen more than 12% post-earnings. Where does the athleisure company go from here?
Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »
First, let’s see what happened. For the quarter ending May 3, Lululemon posted revenue of $2.47 billion, up from $2.37 billion a year ago. However, the cost of goods sold jumped 14% year over year, pushing the company’s gross profit down by more than 4%. On top of that, Lululemon’s selling and general expenses rose 12.4%, to $1.05 billion. All that led to the company’s net income falling 38% to $195 million for the quarter. Earnings per share were $1.69, versus $2.60 in the same period a year ago.
While Lululemon is growing in popularity in China, its biggest problem lies in domestic sales, as revenue and comparable sales in the U.S. were down significantly from last year.
2 months ago
Last Updated: June. 5, 2026 at 8:50pm ET
Updated 2026년 6월 5일 오후 5:40 New York 시간
By
WSJ Staff
↘️ Lululemon Athletica (LULU): The athleisure company cut its outlook for the year, citing challenges including a spike in negative commentary around the brand and a lackluster response to new products. Shares were down 8.6%, the lowest level since 2018.
Updated 2026년 6월 5일 오후 5:40 New York 시간
By
WSJ Staff
↘️ Lululemon Athletica (LULU): The athleisure company cut its outlook for the year, citing challenges including a spike in negative commentary around the brand and a lackluster response to new products. Shares were down 8.6%, the lowest level since 2018.
1 yr. ago
BREAKING: Peter Navarro just called out by Fox Business News for Trump putting tariffs on Wayfair and Lululemon because of an “emergency”.
Watch how he reacts.
Watch how he reacts.
