According to a report published by Citi, Lululemon earned $2.92 per share in the second quarter, which was $2.06 after tax refund benefits were excluded, higher than market expectations of $1.8 and the bank's expectations of $1.9. Total sales fell 4.3% year on year, lower than market expectations of 2.7% and the company's original guidance fell 2% to 3%; same-store sales fell 10.0%, and market expectations fell 5.4%. Same-store sales in America fell 12.0%, and market expectations fell 12.5%; same-store sales in China fell 8.0%, far lower than market expectations rose by 12.9%. Management lowered the FY2026 earnings per share guideline to $9.48 to $9.73, and the total sales guide was changed to a decrease of 5% to 7%. According to the bank, the company needs to increase its marketing in the Chinese market due to negative public opinion related to proxy rights, disputes over the use of chemicals PFAS, and negative brand social media effects such as the Great Wall event taiko incident. The bank maintains its “neutral” rating and a target price of $130.

According to a report published by Citi, Lululemon earned $2.92 per share in the second quarter, which was $2.06 after tax refund benefits were excluded, higher than market expectations of $1.8 and the bank's expectations of $1.9. Total sales fell 4.3% year on year, lower than market expectations of 2.7% and the company's original guidance fell 2% to 3%; same-store sales fell 10.0%, and market expectations fell 5.4%. Same-store sales in America fell 12.0%, and market expectations fell 12.5%; same-store sales in China fell 8.0%, far lower than market expectations rose by 12.9%. Management lowered the FY2026 earnings per share guideline to $9.48 to $9.73, and the total sales guide was changed to a decrease of 5% to 7%. According to the bank, the company needs to increase its marketing in the Chinese market due to negative public opinion related to proxy rights, disputes over the use of chemicals PFAS, and negative brand social media effects such as the Great Wall event taiko incident. The bank maintains its “neutral” rating and a target price of $130.