By Janet H. Cho

Lululemon Athletica reported better-than-expected first quarter results but a weaker outlook for the first quarter and the full year, sending its shares lower in after-hours trading.

Shares of Lululemon were down more than 8% after closing down 0.9% at $124.92 in regular trading.

The specialty athleticwear and accessories company said first quarter sales rose increased 4% to $2.5 billion, above the $2.43 billion Wall Street was estimating. Adjusted earnings $1.69 a share were slightly above the $1.68 a share expected, according to FactSet.

For the full fiscal year ended in January 2027, Lululemon said it expects net revenue in the range of $11 billion to $11.15 billion, a decline of 1% to 0%. It projects earnings of $10.95 to $11.15 a share.

Analysts were forecasting full-year revenue of $11.47 billion and adjusted earnings of $12.27 a share

In the first quarter of 2025, Lululemon posted adjusted earnings of $2.60 a share, revenue of $2.37 billion, and a same-store sales increase of 1%.

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June 04, 2026 16:29 ET (20:29 GMT)

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