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Lululemon Reports US$586M Net Income in Fourth Quarter, Names New Board Member
Lululemon's profit dropped 22% year-over-year, with tariffs expected to cost $220 million in 2026, while leadership changes and proxy battles weigh on outlook.
- On March 17, 2026, Lululemon reported fiscal fourth quarter results with EPS of $5.01 versus $4.78 expected and revenue of $3.6 billion, issuing weaker 2026 guidance.
- Facing a cost surge from tariffs, the company cites tariff changes, end of the de minimis exemption, higher marketing, labor, incentives and proxy-contest expenses, plus founder Chip Wilson's intensified board campaign.
- On March 17, 2026, Lululemon reported net income of about US$586.9 million, with Americas revenue down five per cent and guidance for roughly 270 basis points of gross margin compression.
- The board shake-up included naming Chip Bergh, former Levi Strauss & Co. president and CEO, while Lululemon remains without a permanent CEO since Calvin McDonald stepped down Jan. 31, and activist Elliott Investment Management holds a $1 billion-plus stake pushing for leadership change.
- On merchandising, management said they plan to pull back promotions this year, which management says may weigh on near-term sales, while guiding Q1 sales of $2.40 billion to $2.43 billion and EPS of $1.63 to $1.68.
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Lululemon Earnings Prediction Market Preview: What Will They Say On The Earnings Call? - Lululemon Athletica (NASDAQ:LULU)
Lululemon Athletica Inc (NASDAQ:LULU) reports fiscal Q4 results after the bell today, with Wall Street expecting $3.58 billion in revenue and $4.78 in earnings per share. The company has beaten EPS estimates in more than 15 straight quarters, and Polymarket traders are pricing a 91% chance it happens again. That’s near certainty on paper, but this is a stock down 50% over the past year that keeps beating estimates while punishing shareholders an…
·New York, United States
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Lululemon Athletica's acting leaders have indicated that changes are emerging within the brand, which is the subject of strong criticism from its founder, with whom it has been cold since the holiday season.
·Montreal, Canada
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Total News Sources20
Leaning Left5Leaning Right1Center7Last UpdatedBias Distribution54% Center
Bias Distribution
- 54% of the sources are Center
54% Center
L 38%
C 54%
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