lululemon athletica inc. (LULU) earnings date & stock reaction
LULU · lululemon athletica inc. · Consumer Discretionary
lululemon athletica inc. earnings date & time
Schedule
- Korea time (KST)
- Fri, December 11
- Reporting pattern
- 12 of last 12 after close
- Typical move
- ±11.2% · 12-report avg
What the market expects
Consensus EPS
$2.21Coming in above this counts as a beat
- Year-ago quarter
- $2.59→-14.7%
- Guided revenue
- $2.4B→$2.3B-4.6%
- Guided EPS
- $2.92→$0.96-67.1%
“For 2026, the Company now expects net revenue to be in the range of $10.350 billion to $10.500 billion, representing a decline of 5% to 7%.”
“Leggings trends so far this year have been below our expectations, with sales declining approximately 20% in Q2.”
- ▲Earnings support from tariff refunds
- The company received $134.5 million in tariff refunds, which boosted the operating margin by 560 basis points.
- This one-time benefit contributed $0.86 per share to the diluted EPS for the quarter.
- ▲Disciplined inventory management
- Inventory at the end of Q2 decreased 1% in dollars and 7% in units compared to last year, showing improved efficiency.
- The company is actively reducing costs through supply chain optimization and lower non-merchandise procurement.
- ▲Strong brand presence in key markets
- South Korea remains one of the strongest markets globally, celebrating its 10th anniversary with solid performance.
- The company continues to expand its footprint, including the opening of its largest store in the APAC region in Tokyo.
- ▼Revenue contraction and growth slowdown
- Total revenue declined 4% YoY, with North American revenue falling 8% as growth momentum stalled.
- Q3 revenue guidance projects a 10-11% decline, signaling that the downturn is expected to persist.
- ▼Core category weakness and margin pressure
- Women's leggings sales dropped approximately 20% in Q2, indicating significant weakness in a key category.
- Excluding tariff refunds, product margins fell 150 basis points, and the operating margin declined to 18.8% from 20.7% last year.
- ▼Downward revision of annual guidance
- The company lowered its 2026 full-year revenue outlook to a 5-7% decline, reflecting a more cautious stance.
- Management expects North American sales trends to remain slower than Q2 for the remainder of the year.
lululemon athletica inc. (LULU) rose the day after earnings in 6 of its last 12 reports (50%), moving ±11.2% on average. It has fallen despite beating the consensus estimate 6 times.
Even when EPS beat expectations, the stock fell 6 of the last 11 times. The number alone doesn't move it.
When results drop, skip the EPS number. Check if the growth above holds or accelerates, and whether guidance beats expectations.
The real bar for this stock
Beating estimates isn't enough. Here's where the real surprise started.
The company's own next-quarter revenue guidance (from its 8-K release) vs what it actually reported: delivered 6 of 6 times, averaging +1.7% above the guide.
- May 2025 qtrguided $2.33Bactual $2.37Bhit
- Feb 2025 qtrguided $3.48Bactual $3.61Bhit
- Oct 2024 qtrguided $2.34Bactual $2.40Bhit
- Jul 2024 qtrguided $2.40Bactual $2.37Bhit
- Apr 2024 qtrguided $2.17Bactual $2.21Bhit
- Jan 2024 qtrguided $3.13Bactual $3.21Bhit
How this stock reacts to earnings
Traits seen across its recent earnings reactions
Earnings number vs guidance: which drives it?
How often the beat/miss matched the actual price move
6/11 beats fell next day · watches Comps/demand · guidance
- Aug 2026 report-17.4%
- May 2026 report-8.6%
- Feb 2026 report+3.8%
- Nov 2025 report+9.6%
- Aug 2025 report-18.6%
- May 2025 report-19.8%
Earnings timeline · bars = next-day move, ▲▼ = beat/miss
Earnings trend · last 12 quarters
Earnings history and price reaction
| Quarter ended | Reported (ET) | vs market expectation (consensus) | Earnings day | After 5 days |
|---|---|---|---|---|
| 8/2026 | 2026-09-03 | +63.3% | -17.4% | -18.7% |
| 5/2026 | 2026-06-04 | +0.4% | -8.6% | -2.5% |
| 2/2026 | 2026-03-17 | +4.8% | +3.8% | +1.1% |
| 11/2025 | 2025-12-11 | +17.1% | +9.6% | +15.0% |
| 8/2025 | 2025-09-04 | +8.7% | -18.6% | -19.6% |
| 5/2025 | 2025-06-05 | +0.4% | -19.8% | -25.3% |
12 reports, quarters ending 10/2023 to 8/2026. The earnings-day move is the first trading day that reflects the report; the five-day figure is the cumulative move from that point.
Frequently asked questions
When is the next lululemon athletica inc. earnings date?
The next lululemon athletica inc. (LULU) earnings report is expected Thu, December 10 around 4:00 PM ET, after the close. It comes from an earnings calendar and may not be a company-confirmed date; it updates automatically if it changes.
What is the consensus EPS forecast for lululemon athletica inc.'s next earnings?
Analysts expect EPS of about $2.21 for lululemon athletica inc. (LULU). Coming in above that counts as a beat, below it a miss — though a beat does not guarantee the stock rises.
Does lululemon athletica inc. (LULU) stock usually go up after earnings?
Over the last 12 earnings reports, the stock rose on 6 of them (50%). The average move on earnings day was ±11.2%.
Does lululemon athletica inc. react more to the earnings numbers or to guidance?
In 7 of the last 12 reports (58%), the stock moved the opposite way from whether it beat or missed the forecast. A high share means guidance and expectations drive the move more than the reported numbers.
Can lululemon athletica inc. stock fall even when earnings are good?
Yes. In 3 of the last 12 reports, lululemon athletica inc. fell on the earnings day despite growing EPS. Expectations already priced in, or guidance, can matter more than the reported numbers.
Does lululemon athletica inc. stock keep moving after the earnings day?
Over the last 12 reports, the move continued in the same direction for the following five trading days 50% of the time. This tendency is known as post-earnings announcement drift.