Earnings Call
Jun 4, 2026
Q2 FY2025
EPS Estimate
1.67
EPS Actual
3.10
Post-Earnings Close
$114.23
Earnings Reaction
-8.6%
Lululemon's Q2 FY2025 results landed as a mixed bag that tilted decisively negative on the metrics that matter most to the investment thesis. Revenue of $2.5 billion grew 7% reported (6% constant currency) and came in roughly in line with the prior-year comparable, but fell short of internal guidance and prompted a meaningful reduction to the full-year outlook. EPS of $3.10 beat the $1.67 estimate substantially, though a $0.15 benefit from a stock-based compensation accrual reversal inflated the figure, stripping that out, EPS would have been modestly above the $2.85, $2.90 guidance range rather than dramatically so. The headline beat on earnings therefore obscures a deteriorating fundamental picture, particularly in North America.
Report generated on Jun 3, 2026
AI-generated earnings analysis. Not investment advice.
Chief Executive Officer
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
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