LULU revenue and EPS fall; gross margin up on tariff refunds, 2026 outlook cut
LULU said revenue and comparable sales declined year-over-year, with Americas notably weak and international showing modest growth. Gross margin improved on significant tariff refunds, but operating income and EPS fell; 2026 guidance was revised downward.
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08:22:22 PM UTC
SquawkNews
Net revenue declined 4% year-over-year to $2.4 billion in Q2 2026, with comparable sales down 9% and net income falling 11% to $329.2 million. Gross margin rose to 60.5% due to $134.5 million in tariff refunds, but operating margin and EPS declined. Ongoing macroeconomic and trade policy uncertaint…
Revenue and comparable sales declined year-over-year, with Americas performance notably weak, while international markets showed modest growth.
Gross margin improved due to significant tariff refunds, but operating income and EPS fell.
Guidance for the remainder of 2026 was revised downward amid on…