US EditionLululemon reports US$586M net income in fourth quarter, names new board member
- On March 17, 2026, Lululemon reported fiscal fourth quarter results with EPS of $5.01 versus $4.78 expected and revenue of $3.6 billion, issuing weaker 2026 guidance.
- Facing a cost surge from tariffs, the company cites tariff changes, end of the de minimis exemption, higher marketing, labor, incentives and proxy-contest expenses, plus founder Chip Wilson's intensified board campaign.
- On March 17, 2026, Lululemon reported net income of about US$586.9 million, with Americas revenue down five per cent and guidance for roughly 270 basis points of gross margin compression.
- The board shake-up included naming Chip Bergh, former Levi Strauss & Co. president and CEO, while Lululemon remains without a permanent CEO since Calvin McDonald stepped down Jan. 31, and activist Elliott Investment Management holds a $1 billion-plus stake pushing for leadership change.
- On merchandising, management said they plan to pull back promotions this year, which management says may weigh on near-term sales, while guiding Q1 sales of $2.40 billion to $2.43 billion and EPS of $1.63 to $1.68.
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31 Articles
Lululemon's net income down as brand promises product shakeup
Interim co-chief executive and chief financial officer Meghan Frank said Tuesday that the apparel retailer plans to shake up its product assortment with fewer logos, a "more focused and co-ordinated" colour palette and a "more edited" assortment of small accessories.
Get ready for fewer sales: Lululemon is focusing on fewer markdowns to rebuild premium status
Lululemon is cutting back on sales.Peter Dazeley/Getty ImagesLululemon announced plans to boost full-price sales by reducing markdowns.The move is one step in the brand's plan to return to its premium positioning.It reported a 5% revenue increase year-over-year to $11.1 billion in fiscal 2025.Lululemon is looking forward to the changes it plans to make in 2026 — customers, maybe not so much.Full-price and marked down items were the hottest topic…
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