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Lululemon Profits Plunge 38% Amid $230 Million Tariff Burden and U.S. Sales Slump

LULU10-QFiling Date: 6/4/2026
Lululemon Athletica Inc.
Description

What this story covers

Lululemon faces a challenging quarter as a 38% drop in net income and massive U.S. tariff costs offset 30% revenue growth in China. Management is now pivoting to a full-price selling strategy to combat contracting margins in the Americas.

Story snapshot

CompanyLululemon Athletica Inc.
TickerLULU
VariantStandard detailed
Duration12:40
Filing type10-Q
PeriodQ4 2026
IndustryConsumer Goods
Accession0001397187-26-000078
Sources1

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Primary Sources

sec_filing10-QView on SEC.gov →

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