{
  "id": 5409310,
  "title": "Lululemon cuts outlook as Q2 profit, revenues drop",
  "url": "https://urgent.news/2026/09/03/lululemon-cuts-outlook-as-q2-profit-revenues-drop",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-03T20:31:00.000Z",
  "source": {
    "name": "Winnipeg Free Press",
    "slug": "winnipeg-free-press",
    "url": "https://www.winnipegfreepress.com/business/2026/09/03/lululemon-cuts-outlook-as-q2-profit-revenues-drop"
  },
  "original_language": "en",
  "account": "Lululemon Athletica Inc. has reported a decline in its second-quarter profit and revenues, and the company is cutting its full-year guidance. The Vancouver-based retailer, which files its financials in U.S. dollars, disclosed a net income of US$329.2 million in its second quarter, a decrease from US$370.9 million a year ago. Earnings per diluted share were US$2.92, down from US$3.10 in the same period last year. Net revenue for the period amounted to US$2.4 billion, representing a reduction of approximately four percent compared to the prior second quarter. Furthermore, the company has lowered its outlook for 2026, projecting net revenue between US$10.35 billion and US$10.50 billion for the full year, and diluted earnings per share between US$9.48 and US$9.73.",
  "summary": null,
  "key_points": [
    "Lululemon reports 4% drop in Q2 revenue to $2.4 billion",
    "Net income declines to $329.2 million, down from $370.9 million",
    "Company cuts 2026 guidance to $10.35B-$10.50B revenue, $9.48-$9.73 EPS"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 4,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "Lululemon cuts annual revenue, profit outlook again a week before new CEO takes over",
        "url": "https://urgent.news/2026/09/03/lululemon-cuts-annual-revenue-profit-outlook-again-a-week-before-new",
        "published": "2026-09-03T21:01:55.000Z"
      },
      {
        "outlet": "Business of Fashion",
        "title": "Lululemon Cuts Annual Revenue, Profit Outlook Again a Week Before New CEO Takes Over",
        "url": "https://urgent.news/2026/09/03/lululemon-cuts-annual-revenue-profit-outlook-again-a-week-before-new-5417328",
        "published": "2026-09-03T21:18:17.000Z"
      },
      {
        "outlet": "Financial Post",
        "title": "Lululemon reports drop in sales and revenue in second quarter, revises outlook",
        "url": "https://urgent.news/2026/09/03/lululemon-reports-drop-in-sales-and-revenue-in-second-quarter-revises",
        "published": "2026-09-03T21:20:18.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}