U.S. COMPANY FILING
lululemon athletica inc. — Form 10-Q filed 2026-06-04
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lululemon's Q1 FY2026 net revenue increased 4% to $2.5 billion, but gross margin fell 410 bps to 54.2%, operating income dropped 37% to $276.9 million, and diluted EPS was $1.69 vs $2.60. Americas revenue declined 3%, while China Mainland and Rest of World grew 30% and 13%. Tariffs negatively impacted results; the company paid $230 million in IEEPA tariffs and is seeking refunds. A new CEO will start on September 8, 2026.
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