For the quarter ending 2 August 2026, the company reported lower than expected revenue at $2.4bn, down 4% from $2.53bn in the previous year.
This was driven by an 8% decline in the Americas and China mainland, where revenue grew 4%. International net revenue increased 4%.
Comparable sales declined by 9% overall during the quarter. In the Americas, comparable sales fell by 12%, while international comparable sales recorded a 3% decrease.
During the company's earnings call, interim co-CEO and chief financial officer (CFO) Meghan Frank said: "As we moved into Q2, we faced negative commentary in the media and social channels, which impacted traffic and softer than planned response to some new product launches, which contributed to a moderating sales trend."
Lululemon reported gross profit of $1.5bn in Q2, a decrease of 1%, but gross margin improved by 200 basis points to 60.5%. The margin increase was bolstered by $134.5m in tariff refunds, which boosted the measure by 560 basis points.
#revenue #Margin
This was driven by an 8% decline in the Americas and China mainland, where revenue grew 4%. International net revenue increased 4%.
Comparable sales declined by 9% overall during the quarter. In the Americas, comparable sales fell by 12%, while international comparable sales recorded a 3% decrease.
During the company's earnings call, interim co-CEO and chief financial officer (CFO) Meghan Frank said: "As we moved into Q2, we faced negative commentary in the media and social channels, which impacted traffic and softer than planned response to some new product launches, which contributed to a moderating sales trend."
Lululemon reported gross profit of $1.5bn in Q2, a decrease of 1%, but gross margin improved by 200 basis points to 60.5%. The margin increase was bolstered by $134.5m in tariff refunds, which boosted the measure by 560 basis points.
#revenue #Margin
16 hours ago
