Lululemon athletica inc. reported second-quarter fiscal 2026 results showing a 4% revenue decline to $2.4 billion and diluted EPS of $2.92, down from $3.10 in the prior year period. Comparable sales fell 9%, driven by an 8% drop in Americas net revenue and a 1% increase in International net revenue. The results included $134.5 million in tariff refunds that boosted gross margin to 60.5%. The company revised its full-year outlook, now expecting net revenue between $10.35 billion and $10.50 billion (a 5-7% decline) and diluted EPS of $9.48 to $9.73. Lululemon operates in the technical athletic apparel industry.
