NASDAQ$LULU
Lululemon Athletica Inc · Q4 2025 earnings
Q4 2025 earnings · · After market close · Investor relations
Briefing
lululemon reported Q4 2025 net revenue of $3.64B with diluted EPS of $5.01, ahead of expectations.
Net revenue rose 1% to $3.64B (flat constant dollar); excluding the prior-year 53rd week, revenue grew 6%. Gross margin fell 550 bps to 54.9% and operating margin declined to 22.3% as Americas revenue fell 4% while international revenue grew 17%. Diluted EPS was $5.01 versus $6.14 a year ago; the company repurchased 1.4M shares for $269M and ended with $1.8B cash.
- Q4 net revenue $3.64B (+1% YoY); comparable sales +3% (+6% ex-53rd week).
- Americas revenue -4%; international +17% on a reported basis.
- Gross margin 54.9% (-550 bps); operating income $812M (-22% YoY).
- Diluted EPS $5.01; FY2025 revenue $11.1B (+5%) and EPS $13.26.
- Opened 15 net stores in Q4; inventories +18% to $1.7B.
Headline financials
Revenue & EPS history
Lululemon · Revenue · Quarterly
$3.64B
Forward guidance
For fiscal 2026, lululemon expects net revenue of $11.35–11.50B (+2–4%) and diluted EPS of $12.10–12.30; Q1 revenue guide is $2.40–2.43B with EPS $1.63–1.68.
Tailwinds
- FY2026 revenue guide $11.35–11.50B (+2–4%).
- FY2026 diluted EPS guide $12.10–12.30.
- International net revenue +17% in Q4.
- $1.8B cash at year-end.
Headwinds
- Americas revenue -4% in Q4; gross margin -550 bps.
- Operating margin 22.3% vs 28.9% prior year.
- Tariff and macro uncertainty embedded in outlook.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q4 2025
+3.0%
Avg return
Earnings day
+2.3%
Avg return
5 days after
+3.7%
Avg return
30 days after
61%
39 / 64 earnings
Positive
+23.3%
Q3 2010
Best reaction
-20.3%
Q4 2016
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +2.0% | +5.9% | — | |
| Q4 2025 | -2.1% | +3.2% | +5.0% | |
| Q3 2026 | +0.6% | +11.2% | +9.0% | |
| Q2 2026 | -4.9% | -20.5% | -14.8% | |
| Q1 2025 | +0.0% | +1.9% | +0.5% | |
| Q4 2024 | -14.2% | -17.2% | -21.6% | |
| Q3 2024 | +16.7% | +16.0% | +10.5% | |
| Q2 2024 | +0.2% | -0.3% | +8.2% | |
| Q1 2024 | +5.3% | +3.7% | -2.8% | |
| Q4 2023 | -14.0% | -17.7% | -24.9% | |
| Q3 2023 | +6.3% | +9.3% | +6.6% | |
| Q2 2023 | +7.3% | +6.7% | +2.4% | |
| Q1 2023 | +10.1% | +7.3% | +14.0% | |
| Q4 2022 | +13.8% | +14.8% | +19.2% | |
| Q3 2022 | -12.3% | -12.4% | -11.6% | |
| Q2 2022 | +4.7% | +9.3% | -6.8% | |
| Q1 2022 | +3.7% | +5.6% | -9.2% | |
| Q4 2021 | +13.6% | +10.7% | +9.2% | |
| Q3 2021 | -3.9% | -7.3% | -16.6% | |
| Q2 2021 | +8.9% | +10.0% | +2.8% | |
| Q1 2021 | +2.7% | +3.2% | +14.9% | |
| Q4 2020 | -3.0% | -4.8% | +8.5% | |
| Q3 2020 | -5.3% | -2.1% | +0.5% | |
| Q2 2020 | -10.4% | -13.3% | -6.5% | |
| Q1 2020 | -8.3% | -3.9% | -2.7% | |
| Q4 2019 | -2.5% | -2.1% | +10.8% | |
| Q3 2019 | -2.3% | -1.9% | +2.3% | |
| Q2 2019 | +12.4% | +7.0% | +6.9% | |
| Q1 2019 | +1.7% | +6.8% | +10.4% | |
| Q4 2018 | +16.7% | +15.3% | +23.4% | |
| Q3 2018 | -14.8% | -12.6% | -3.8% | |
| Q2 2018 | +11.7% | +13.4% | +17.2% | |
| Q1 2018 | +15.7% | +17.4% | +18.2% | |
| Q4 2017 | +7.0% | +10.9% | +22.5% | |
| Q3 2017 | +8.5% | +11.0% | +19.7% | |
| Q2 2017 | +7.1% | +6.9% | +8.1% | |
| Q1 2017 | +12.5% | +7.8% | +23.6% | |
| Q4 2016 | -20.3% | -20.0% | -18.3% | |
| Q3 2016 | +20.3% | +21.8% | +19.3% | |
| Q2 2016 | -10.4% | -11.5% | -20.3% | |
| Q1 2016 | +6.1% | +3.0% | +12.6% | |
| Q4 2015 | +10.6% | — | — | |
| Q3 2015 | -11.9% | — | — | |
| Q2 2015 | -15.7% | — | — | |
| Q1 2015 | +8.5% | — | — | |
| Q4 2014 | +5.5% | — | — | |
| Q3 2014 | +13.4% | — | — | |
| Q2 2014 | +17.7% | — | — | |
| Q1 2014 | -15.1% | — | — | |
| Q4 2013 | +7.6% | — | — | |
| Q2 2013 | -0.9% | — | — | |
| Q1 2013 | -16.7% | — | — | |
| Q4 2012 | -2.4% | — | — | |
| Q3 2012 | +5.7% | — | — | |
| Q2 2012 | +11.7% | — | — | |
| Q1 2012 | -7.5% | — | — | |
| Q1 2011 | +2.4% | — | — | |
| Q4 2011 | -4.4% | — | — | |
| Q4 2009 | -4.8% | — | — | |
| Q3 2011 | +23.3% | — | — | |
| Q3 2010 | +23.3% | — | — | |
| Q2 2011 | +19.0% | — | — | |
| Q4 2010 | +19.0% | — | — | |
| Q2 2010 | +19.0% | — | — |
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