lululemon athletica inc. Investigation
Company: lululemon athletica inc.
Ticker: (NASDAQ) LULU
How to Check Whether You May Be Eligible in the lululemon athletica inc. Investigation
Investigation Details
Lululemon Athletica Inc. shareholders lost money on September 3, 2026, when the stock fell sharply after the Company cut its full-year fiscal year 2026 guidance for the second time and reported deteriorating sales trends. Specifically, the Company lowered its full-year revenue guidance to a range of $10.35--$10.50 billion, down from its prior projection of $11.00--$11.15 billion, and reduced its EPS guidance to $9.48--$9.73 from $10.95--$11.15. For the second quarter, the Company reported that revenue declined 4% to approximately $2.4 billion, comparable sales fell 9%, and Americas comparable sales dropped 12%. Additionally, the reported earnings per share included a one-time $134.5 million tariff refund that added $0.86 per share. During the September 3, 2026 earnings call, Chief Financial Officer Meghan Frank explained that second-quarter revenue came in below expectations, leggings sales declined approximately 20% in the quarter, and the third quarter had gotten off to a slow start. The investigation concerns whether Lululemon Athletica Inc. adequately disclosed its deteriorating sales trends and the impact of tariff refunds on its financial results ahead of the guidance cut on September 3, 2026.