Lululemon’s Q2 FY26 revenue fell 4 per cent YoY to $2.42 billion, but gross margin rose to 60.5 per cent as tariff refunds supported profit.
Americas softness led the decline, with revenue down 8 per cent and comparable sales down 12 per cent; international revenue grew 4 per cent.
FY26 guidance was cut to $10.35-$10.50 billion, a 5-7 per cent fall, with Q3 sales expected to drop 10-11 per cent.Lululemon’s Q2 FY26 revenue fell 4 per cent YoY to $2.42 billion, but gross margin rose to 60.5 per cent as tariff refunds supported profit.
Americas softness led the decline, with revenue down 8 per cent and comparable sales down 12 per cent; international revenue grew 4 per cent.
FY26 guidance was cut to $10.35-$10.50 billion, a 5-7 per cent fall, with Q3 sales expected to drop 10-11 per cent.
Canadian lululemon’s Q2 FY26 profit beats despite 4% revenue decline
