Lululemon Athletica (LULU) reported fiscal Q2 earnings late Thursday of $2.92 per diluted share, down from $3.10 a year earlier.

Analysts polled by FactSet expected $1.79.

Revenue in the quarter ended Aug. 2 fell to $2.42 billion from $2.53 billion a year earlier.

Analysts expected $2.46 billion.

The company expects Q3 EPS of $0.93 to $0.98 and revenue of $2.29 billion to $2.32 billion. Analysts project EPS of $2.40 and revenue of $2.53 billion.

The company expects 2026 EPS of $9.48 to $9.73 and revenue of $10.35 billion to $10.50 billion. It previously expected EPS of $10.95 to $11.15 and revenue of $11 billion to $11.15 billion.

Analysts project EPS of $10.84 and revenue of $11.03 billion.

Shares of Lululemon Athletica were down more than 15% in after-hours trading.