FrontRow · Sep 4, 2026
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Lululemon posted another quarter of disappointing earnings results and sales slowdown as the company struggles to turn its business around.. The company reported a 4% decline in revenue and a comparable sales decrease of 9% for the second fiscal quarter. It was only the latest rough quarter for the apparel retailer, after it reduced its guidance in the previous quarter. Interim CEO Meghan Frank said on a call with analysts that the company experienced "negative commentary" on social media that affected its performance in the second quarter. The company also experienced a "greater-than-expected" slowdown in some of its core categories, including leggings. "While we are seeing good guest reaction to our activations and some of our newer styles, the overall response to our product launches remains inconsistent, and we've continued to see pressure on the brand in both of our largest markets," Frank said. For the third fiscal quarter, Lululemon said it expects revenue to be between $2.29 billion and $2.32 billion, a decline of roughly 10% to 11% from the prior year. It anticipates earnings of 93 cents to 98 cents per share for the period.
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