LULU · Sportswear
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Lululemon beat Q1 FY2026 estimates with $2.5B revenue (+4%), then slashed full-year guidance for the second time this year. Stock fell over 10%. China grew 30%; the Americas fell 3%.
Lululemon beat Q4 estimates but guided down hard for 2026. No permanent CEO, a founder proxy fight, US sales declining, and tariffs rising. Plain English breakdown.
Lululemon crushed expectations with China up 39%, but Americas grew just 2%. Product "newness" fix promised for Q1 2025.