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Lululemon Athletica in 2026: U.S. slows, global growth rises

Lululemon Athletica is rebuilding its cool factor—while the U.S. slows down

KAHROS Team

TL;DR

Quick Summary

  • Lululemon’s Q4 fiscal 2025 revenue was $3.6B (ended Feb. 1, 2026), but the Americas segment still fell 4% year over year.
  • For fiscal 2026, Lululemon guided diluted EPS to $12.10–$12.30 and expects North America revenue down 1%–3%.
  • International is carrying the growth story: Q4 international revenue rose 24%, with Mainland China up 28% (constant dollar).

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Lululemon Athletica is rebuilding its cool factor—while the U.S. slows down | KAHROS