Key facts
- Lululemon reports Q1 FY26 earnings on June 4.
- Analysts expect EPS of $1.68, down 35.3% year-over-year.
- Revenue is projected to increase 2.5% to $2.43 billion.
- The stock is down over 39% year-to-date.
- Options traders are pricing in a potential 10% move post-earnings.
- The company settled a proxy fight with founder Chip Wilson.
Lululemon Athletica (LULU) is scheduled to report its fiscal Q1 FY26 earnings after market close on June 4. The stock has fallen over 39% year-to-date, trading around $126, amid pressures from competition, tariff costs, and softer consumer spending on discretionary items. Wall Street analysts anticipate earnings per share of $1.68, a 35.3% decrease from the prior year, and revenue projected at $2.43 billion, a modest 2.5% year-over-year increase. Analysts are watching for potential guidance resets and the impact of new product lines like Unrestricted Power and ShowZero. Options traders are factoring in approximately a 10% price swing in either direction following the earnings release. The company recently resolved a proxy fight with founder Chip Wilson by agreeing to nominate two board members, removing some uncertainty. Lululemon's current P/E ratio is 9.37x, below its historical average, with a forward P/E of 10.13x. Insiders have made some share purchases in the past three months. The consensus analyst rating is 'Hold' with an average price target of $169.53.