Added to YB: 2026-09-07
Pitch date: 2026-09-04
LULU [neutral]
lululemon athletica inc.
Author Info
M Squared Capital is a former sell-side analyst in the Retail/Consumer industry sharing analysis on retail/consumer stocks. Sign up for the newsletter.
Company Info
lululemon athletica inc., together with its subsidiaries, designs, distributes, and retails technical athletic apparel, footwear, and accessories for women and men under the lululemon brand in the United States, Canada, Mexico, China, Hong Kong, Taiwan, Macau, Greece, and internationally.
Market Cap
$13.8B
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
4.82
P/E
9.97
EV/Sales
N/A
Sector
Textiles, Apparel and Luxury Goods
Category
turnaround
Lululemon: 2Q26 Immediate Call Postmortem
LULU (earnings): Lululemon’s near-term outlook weakened as the Q2 shortfall was driven primarily by China Mainland, Q3 started slowly and second-half revenue guidance assumes further deceleration from Q2. Leggings fell 20%, women’s tops also slowed and markdowns rose 70 basis points. Management is tightening expenses and reducing store openings, but the central issue remains a cost structure built for higher growth, while incoming leader Heidi O’Neill’s strategic review will take time.
Read full article (3 min)