Compared to Estimates, Lululemon (LULU) Q2 Earnings: A Look at Key Metrics

For the quarter ended July 2026, Lululemon (LULU) reported revenue of $2.42 billion, down 4.3% over the same period last year. EPS came in at $2.06, compared to $3.10 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $2.47 billion, representing a surprise of -2.07%. The company delivered an EPS surprise of +15.08%, with the consensus EPS estimate being $1.79.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

• Number of Stores Open at the End of the Quarter: 825 versus 829 estimated by six analysts on average.
• Total Gross Square Feet at the End of the Quarter: 3,880.00 Ksq ft compared to the 3,869.68 Ksq ft average estimate based on five analysts.
• Comparable Sales - Total (Change in constant dollars): -10% compared to the -5.6% average estimate based on five analysts.
• Comparable Sales - Total (Change): -9% compared to the -5.4% average estimate based on four analysts.
• Geographic Revenues- China Mainland: $407.1 million versus the seven-analyst average estimate of $465.91 million. The reported number represents a year-over-year change of +3.6%.
• Geographic Revenues- Rest of World: $391.76 million versus $417.53 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +4.7% change.
• Geographic Revenues- Americas: $1.62 billion versus the seven-analyst average estimate of $1.58 billion. The reported number represents a year-over-year change of -8%.
• Geographic Revenues- United States: $1.3 billion compared to the $1.27 billion average estimate based on three analysts. The reported number represents a change of -8% year over year.
• Geographic Revenues- Canada: $285.82 million versus the three-analyst average estimate of $298.6 million. The reported number represents a year-over-year change of -11%.
• Net Revenue by Channel- Company-operated stores: $1.17 billion versus the six-analyst average estimate of $1.18 billion. The reported number represents a year-over-year change of -6.5%.
• Net Revenue by Channel- Other channels: $307.25 million versus the five-analyst average estimate of $292.79 million. The reported number represents a year-over-year change of +10.9%.
• Net Revenue by Channel- E-commerce: $934.63 million compared to the $986.67 million average estimate based on five analysts. The reported number represents a change of -5.9% year over year.

View all Key Company Metrics for Lululemon here>>>

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