Lululemon Q4 Profit Falls Despite Revenue Beat

Lululemon Athletica Inc., the Vancouver-based athletic apparel retailer, reported fourth-quarter earnings on March 17, 2026, that showed a year-over-year decline in profit despite revenue that slightly exceeded analyst expectations. The company, which maintains its financial records in U.S. dollars, posted net income of $586.9 million for the period ended February 1, up from estimates but down from $748.4 million in the same quarter a year earlier. Earnings per diluted share came in at $5.01, surpassing the consensus forecast of $4.74 but falling short of the prior year's $6.14.

Revenue reached $3.64 billion, a 1 percent increase from the previous year's fourth quarter and above the anticipated $3.59 billion. The results highlighted ongoing pressures in Lululemon's core North American market, where consumer spending has softened amid intensifying competition in the athleisure sector. International sales, particularly in China and other emerging markets, provided some offset, with the company noting strong holiday demand and traffic during promotional periods like Black Friday.

In its outlook for fiscal 2026, Lululemon projected revenue between $11.35 billion and $11.50 billion,...