Lululemon Athletica Inc. (NASDAQ:LULU) shares are down during Wednesday's premarket session following the company's recent earnings that fell short of analyst expectations for future guidance.

Lululemon Guidance Disappoints

lululemon reported quarterly earnings of $5.01 per share, surpassing the consensus estimate of $4.79, while quarterly revenue reached $3.64 billion, exceeding analyst expectations of $3.59 billion.

However, the company's outlook for fiscal 2026 projected earnings between $12.10 and $12.30 per share, which is below the analyst estimate of $12.67, and revenue expectations of $11.35 billion to $11.5 billion also fell short of the $11.53 billion estimate.

Meghan Frank, Interim Co-CEO and CFO, commented on Tuesday, "As we begin our new fiscal year, we are focused on executing on our action plan, offering new and differentiated products to our guests, and elevating their experiences with Lululemon."

"Driving improvement in our full-price sales over the course of 2026 is also a key priority, particularly in North America, and will enable us to enhance our brand health and ...