lululemon athletica inc. (LULU) earnings on September 3, 2026

After the market closes Q2 2026

More lululemon athletica inc. earnings

Prior outlook: Pessimistic Outcome: Accurate

Lululemon shares dropped sharply after the company released its quarterly results, falling as much as 21% during the day before ending down 17%. Some experts had already been cautious about the company's profit outlook, and that caution appeared justified by the results.

LULU price around the earnings

100.61

Change: -17.4%

2026-09-04, 20:00 UTC

Start of the measured window End of the measured window
96.36 105.15 113.95 122.74 121.77
Price series around the eventClosing price per minute from before the event to the end of the measured window.No trading (market closed)
September 3, 2026 September 4, 2026
  • Price: green if it ends above the starting price; red if it ends below
  • Start of the measured window
  • End of the measured window
  • Market open
  • No trading (market closed)
  • Starting price
Price series around the event

Prior thesis

Prior outlook: Pessimistic Outcome: Accurate

Thesis published
Results released

Weak technicals outweigh earnings strength

Analysts note the technical picture shows persistent weakness — the stock has been underperforming the broader market and cases near resistance. While the company has beaten earnings expectations in recent quarters, recent analyst downgrades and the negative recent trend outweigh the positive historical record.

Context analyzed before publication

Summary
Weak technicals outweigh earnings strength
Playbook
The stock cases near key resistance at $120.67 with the 30-day recent trend down 2.92% and underperformance versus the broader market of 3.90%. Recent analyst downgrades from UBS, JPM, and Wells Fargo have shifted sentiment negative despite a strong recent record of beating earnings expectations.
Trend
Trend strength deteriorating, downgrades continue

Analysts

Drivers

  • Analysts Negative

    Hold rating with $127 price target implies only 5.1% upside; recent downgrades from UBS, JPM, Wells Fargo

Evidence

Analyst consensus
Hold
Consensus average (1-5)
3.15
Analysts covering the stock
26
Average price target
127.35
Lowest price target
88
Highest price target
280
Upside to price target
5.1%
Quarterly earnings growth
-38%
Revenue growth
4.3%
Forward EPS
11.2
Trailing EPS
12.36
Analyst moves in the last 60 days
4
  • Strong buy: 0
  • Buy: 1
  • Hold: 29
  • Sell: 3
  • Strong sell: 1
Strong buy
0
Buy
1
Hold
29
Sell
3
Strong sell
1
  • August 25, 2026 · UBS: Maintains rating (Neutral → Neutral)
  • August 4, 2026 · JP Morgan: Maintains rating (Neutral → Neutral)
  • July 21, 2026 · Wells Fargo: Maintains rating (Equal-Weight → Equal-Weight)
  • July 16, 2026 · Truist Securities: Downgrades rating (Hold → Sell)

News and sentiment

Drivers

  • News & sentiment Neutral

    Market-wide focus but no LULU-specific catalyst; neutral retail sentiment at 50% constructive

Evidence

Sentiment
Sentiment
Neutral
Mention volume
High
Normalized volume
99%
News
Sources (5)

Technicals

Drivers

  • Technical Negative

    30-day performance down 2.92%, underperforming SPY by 3.90%, market review near resistance at $120.67

Evidence

Price when the context was analyzed
120.06
Average true range (ATR)
3.8%
Distance to 52-week high
-43.9%
14-day change (14d)
+0.6%
30-day change (30d)
-2.9%
30-day relative strength
-3.9%
SPY change (30d)
+1.0%
Nearest support
119.41
Distance to nearest support
0.5%
Nearest resistance
120.67
Distance to nearest resistance
0.5%
Volume accumulation ratio (14d / 46d)
1.13
  • Minor: 119.41 (0.5% away, 0.14 ATR, 9 touches)
  • Major: 118.39 (1.4% away, 0.37 ATR, 20 touches)
  • Major: 117.81 (1.9% away, 0.5 ATR, 37 touches)
  • Mid: 120.67 (0.5% away, 0.14 ATR, 30 touches)
  • Mid: 121.76 (1.4% away, 0.38 ATR, 22 touches)
  • Mid: 122.63 (2.1% away, 0.57 ATR, 12 touches)

Trends

Evidence

Average earnings surprise
+7.7%
  • June 4, 2026: actual EPS 1.69 vs estimate 1.68 (surprise +0.4%)
  • March 17, 2026: actual EPS 5.01 vs estimate 4.78 (surprise +4.8%)
  • December 11, 2025: actual EPS 2.59 vs estimate 2.21 (surprise +17.1%)
  • September 4, 2025: actual EPS 3.1 vs estimate 2.85 (surprise +8.7%)

Expected move

Drivers

  • Past earnings Positive

    100% beat rate with average surprise of +7.7% across the last 4 quarters

Implied move
+11.8%
Source
Options chain

Reactions over its last 20 earnings

Median move
9.6%
75th percentile move
13.2%
90th percentile move
16.2%
Up / down moves
12 / 8
Average up move
+8.0%
Average down move
-11.5%

Monitoring and close

What lululemon athletica inc. reported

Status
Finished

Lululemon cut its annual sales outlook to $10.35-$10.5 billion after Q2 results missed expectations. Shares fell about 18% post-market, market review below $100, as comparable sales dropped 12% in the Americas.

Sources (26)

Pre-market second reading after the results

There is no second reading available for this event.

How the stock reacted

Outcome
Accurate
Consolidated
-17.4%
Max favorable move (MFE)
21%
Max adverse move (MAE)
1.6%