Lululemon's Numbers Don't Lie: A Cautionary Tale for Athleisure Wear Lululemon's recent earnings report reveals that even in the lucrative world of athleisure wear, market dominance can be fleeting.
The Canadian company's stock plummeted 18% on Friday after reporting a disappointing revenue decline of 4% to $2. 4 billion in its second quarter fiscal 2026.
Comparable sales decreased by 9%, indicating a clear downturn for Lululemon. The company's decision to cut its revenue and profit forecast, lowering net revenue expectations to between $10. 35 billion and $10.