Lululemon Athletica Inc. says its second-quarter profit and revenues dropped from last year and the company is cutting its full-year guidance. The Vancouver-based retailer, which keeps its books in U.S. dollars, reported net income of US$329.2 million in its second quarter, compared with US$370.9 million a year earlier. The result for the period ended Aug. 2 amounted to earnings per diluted share of US$2.92, down from US$3.10 a year earlier. Its net revenue was US$2.4 billion, down about four per cent from its prior second quarter. The company also downgraded its outlook for 2026, saying it now expects net revenue for the full year to be in the range of US$10.35 billion to US$10.50 billion, and diluted earnings per share to be between US$9.48 and US$9.73. Lululemon is days away from former Nike executive Heidi O’Neill taking up the chief executive post. Over the summer, it signed an agreement with estranged founder Chip Wilson to put two of his three nominees on the company’s board, in exchange for the entrepreneur quelling his attacks on the brand. --- Tara Deschamps, The Canadian Press This report by The Canadian Press was first published Sept. 3, 2026.
