Lululemon issued full-year 2026 revenue guidance of $10.35 billion to $10.5 billion, with EPS expected between $9.48 and $9.73. The company also guided Q3 EPS to $0.93 to $0.98. The outlook reduction is the latest in a series of cuts, arriving alongside a CEO transition that has added pressure to an already struggling stock.
Shares are down more than 40% in 2026 alone, a drawdown that signals the market has lost confidence in near-term earnings recovery. For investors in consumer discretionary funds or individual LULU positions, repeated guidance cuts combined with leadership uncertainty typically precede further multiple compression. The EPS range of $9.48 to $9.73 gives analysts a new, lower baseline to work from.
Lululemon Q3 earnings report, expected late November or early December 2026. Any announcement naming a permanent CEO, date currently unconfirmed.
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