Lululemon reports US$586M net income in fourth quarter, names new board member

A Lululemon store is pictured in Toronto, Tuesday, Nov. 18, 2025. THE CANADIAN PRESS/Laura Proctor

Lululemon Athletica Inc. says its latest quarter saw its profit fall from last year as its revenue was essentially flat.

The Vancouver-based retailer, which keeps its books in U.S. dollars, reported net income of about US$586.9 million in its fourth quarter, compared with US$748.4 million a year earlier.

The result for the period ended Feb. 1 amounted to earnings per diluted share of US$5.01, down from US$6.14 a year before.

Its revenue was US$3.6 billion, up by about one per cent from its prior fourth quarter.

The earnings came as Lululemon named former Levi Strauss & Co. president and CEO Chip Bergh as a board member.

Lululemon founder Chip Wilson has been pushing the company since last year to add three nominees he put forward to its board. Bergh was not one of the nominees.

This report by The Canadian Press was first published March 17, 2026.

Tara Deschamps, The Canadian Press