Every 8-K that Lululemon (LULU) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow LULU and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full LULU filings page.
lululemon athletica inc. (LULU) reported weaker second quarter fiscal 2026 results, with revenue and earnings down year over year but margins temporarily boosted by one-time tariff refunds. Net revenue for the quarter ended August 2, 2026 was $2.42 billion, a 4% decline versus 2025, driven by a 9% decrease in comparable sales, including a 12% decline in the Americas and a 3% decline internationally. International net revenue still grew 4% overall.
Gross profit fell 1% to $1.46 billion, but gross margin improved to 60.5%, up 200 basis points, primarily due to $134.5 million of IEEPA tariff refunds that added 560 basis points to margin and $0.86 to diluted EPS. Income from operations declined 13% to $453.7 million and operating margin fell to 18.8%. Net income was $329.2 million and diluted EPS was $2.92, down from $3.10.
The company ended the quarter with $1.4 billion in cash and cash equivalents, inventories of $1.7 billion (down 1%, with units down 7%), and repurchased 2.7 million shares for $330.0 million. For the third quarter of 2026, lululemon expects net revenue of $2.29–$2.32 billion (a decline of 10–11%) and diluted EPS of $0.93–$0.98. For full-year 2026, it now expects net revenue of $10.35–$10.50 billion (down 5–7%) and diluted EPS of $9.48–$9.73, including the $0.86 per share benefit from tariff refunds.
lululemon athletica inc. reported a leadership change under the Securities Exchange Act of 1934. On August 13, 2026, Ranju Das ceased to serve as the company’s Chief AI & Technology Officer. The company states that transition plans are in place for his responsibilities, indicating it has organized internal arrangements to manage this role following his departure.
The report is signed on behalf of the company by Meghan Frank, who is identified as Interim Co-Chief Executive Officer and Chief Financial Officer. lululemon’s common stock, with a par value of $0.005 per share, is listed on the Nasdaq Global Select Market under the trading symbol LULU.
lululemon athletica inc. reported governance changes and shareholder voting results. The board expanded from 9 to 11 members and appointed Laura Gentile and Marc Maurer as independent directors, effective after the June 25, 2026 annual meeting, pursuant to a previously disclosed Cooperation Agreement with entities affiliated with Dennis J. “Chip” Wilson.
Shareholders elected three Class I directors to terms ending at the 2029 annual meeting, ratified PricewaterhouseCoopers LLP as independent registered public accounting firm, approved executive compensation on an advisory basis, and approved an amendment to the 2023 Equity Incentive Plan to increase the share reserve. A stockholder proposal to declassify the board was also approved.
lululemon athletica inc. reported mixed first quarter 2026 results. Net revenue rose 4% to $2.5 billion, with strong international growth of 22% offsetting a 3% decline in the Americas. Comparable sales increased 1%, driven by a 13% gain internationally and a 5% decline in the Americas.
Profitability weakened meaningfully. Gross profit fell 3% to $1.3 billion, gross margin contracted 410 basis points to 54.2%, and income from operations dropped 37% to $276.9 million, reducing operating margin to 11.2%. Net income declined to $195.0 million and diluted EPS to $1.69, down from $2.60 a year earlier.
The company ended the quarter with $1.5 billion in cash and cash equivalents and inventories of $1.7 billion, up 2% in dollar terms but down 4% in units. It repurchased 2.2 million shares for $358.3 million and finished the period with 816 stores. For second quarter 2026, lululemon expects net revenue of $2.450–$2.475 billion, a 3%–2% decline, and diluted EPS of $1.76–$1.81. For full-year 2026, it now guides net revenue of $11.0–$11.15 billion, a 1%–0% decline, and diluted EPS of $10.95–$11.15, both lower than 2025.
lululemon athletica inc. entered into a Cooperation Agreement with founder Dennis J. “Chip” Wilson and affiliated entities, who collectively own about 8.7% of the company’s outstanding common stock. The agreement adds governance changes and new directors linked to upcoming annual meetings.
Laura Gentile, former Chief Marketing Officer of ESPN, and Marc Maurer, former Co-CEO of On, will join the Board as independent directors following the 2026 annual meeting. The Board will also appoint an additional independent director with apparel product and brand expertise by October 1, 2026.
lululemon will support Wilson’s proposal to declassify the Board at the 2026 annual meeting. If stockholders approve, the company plans to seek approval in 2027 to amend its charter so all directors stand for annual election beginning with the 2028 annual meeting. Wilson agreed to customary standstill, voting, and non-disparagement provisions lasting approximately 18 months.
lululemon athletica inc. is adding experienced consumer-brands executive Esi Eggleston Bracey to its board of directors, effective April 28, 2026. She will serve as an independent Class I director with a term running until the 2026 annual meeting of stockholders.
Bracey brings more than 30 years of global leadership across Unilever, Coty and Procter & Gamble, and currently sits on the Williams-Sonoma board. As she joins, lululemon notes it will have appointed six new independent directors over the last five years as part of an ongoing board refresh.
Director Shane Grant will retire at the end of his current term and not stand for reelection at the 2026 annual meeting, and previously disclosed director David Mussafer will also not stand for reelection. The board will temporarily expand from 10 to 11 members, then be reduced to 9 immediately following the annual meeting.
lululemon athletica inc. has entered into an employment agreement to appoint industry veteran Heidi O’Neill as Chief Executive Officer and board member, effective September 8, 2026. She joins after a long leadership career at Nike and other consumer brands.
The agreement provides an initial annual base salary of $1,400,000, with an annual target performance bonus equal to 200% of base salary and potential payout up to 200% of target for fiscal 2026, based on financial and individual goals. She will be eligible for annual equity awards of about $10,000,000, split 60% into performance-vesting restricted stock units and 40% into stock options.
On joining, Ms. O’Neill will receive a one-time grant of time-vesting restricted stock units valued at $2,800,000 and a one-time stock option grant valued at $4,200,000, each vesting in two equal annual installments. She will also receive a $2,000,000 cash retention bonus in exchange for agreeing to remain employed for 24 months, subject to prorated repayment if she departs under specified circumstances. If she resigns for good reason or is terminated without cause, she is entitled to 24 months of base salary and full vesting of outstanding equity awards, subject to customary conditions.
lululemon athletica inc. reported slower growth and weaker profitability for 2025. Fourth quarter net revenue rose 1% to $3.6 billion, with diluted EPS of $5.01 versus $6.14 a year earlier, as gross margin fell 550 basis points to 54.9% and operating margin to 22.3%.
For 2025, net revenue grew 5% to $11.1 billion, but diluted EPS declined to $13.26 from $14.64 as income from operations fell 12% and operating margin dropped to 19.9%. Americas revenue decreased 1% while international revenue rose 22%, with particularly strong growth in China Mainland. The company repurchased 5.0 million shares for $1.2 billion and ended the year with $1.8 billion in cash and $1.7 billion of inventories, up 18%. For 2026, management guides net revenue of $11.350 billion to $11.500 billion (2%–4% growth) and diluted EPS of $12.10 to $12.30, below 2025 levels, highlighting continued investments and margin pressure even as it sees ongoing international and product-driven growth opportunities.
lululemon athletica inc. announced that its board of directors has appointed Chip Bergh, former President and CEO of Levi Strauss & Co., to the board effective March 17, 2026. He will serve as a Class I director through the 2026 annual meeting and sit on the Corporate Responsibility, Sustainability and Governance Committee and the People, Culture, and Compensation Committee.
The board size increases from nine to ten members with his appointment and will return to nine after the 2026 annual meeting, when long‑time director David Mussafer retires and does not stand for reelection. The company highlights this move as part of its ongoing board refreshment and notes it is continuing the search for its next CEO.
lululemon athletica inc. filed a current report to disclose that on January 12, 2026 it issued a press release updating its revenue and earnings expectations for the fourth fiscal quarter of 2025, which ends on February 1, 2026. The company furnished this press release as Exhibit 99.1, providing investors with revised guidance and related information for that quarter. The report specifies that the information in the exhibit is being furnished, not filed, under securities laws, which affects how it is treated for certain legal and liability purposes.
lululemon athletica inc. announced third-quarter results for the period ended November 2, 2025, detailed a planned CEO transition, and expanded its stock repurchase program by $1.0 billion.
Calvin McDonald will step down as Chief Executive Officer and director effective January 31, 2026, remaining as a senior advisor through March 31, 2026 under a separation agreement that provides severance benefits under his employment agreement, his fiscal 2025 bonus, a $3.05 million cash payment, and continued vesting and extended exercise of certain equity awards, subject to releases and restrictive covenants. Board chair Marti Morfitt becomes executive chair, while CFO Meghan Frank and president and chief commercial officer Andre Maestrini will serve as interim co-CEOs starting January 31, 2026, supported by retention cash and equity awards. The enlarged repurchase program has no expiration date and permits open-market and privately negotiated buybacks, including under Rule 10b5-1 and Rule 10b-18 plans.
lululemon athletica inc. reported leadership changes in its commercial organization. Celeste Burgoyne notified the company of her resignation as President, Americas and Global Guest Innovation, and will remain active in the business through year-end, with her employment ending on December 31, 2025. The board appointed Andre Maestrini as president and chief commercial officer, effective immediately, expanding his role beyond his prior position as executive vice president, international.
The company entered into an employment agreement with Mr. Maestrini that includes a base salary of USD $950,000, eligibility for an annual bonus tied to performance goals, participation in company benefit plans, and customary severance protections. A press release and the full employment agreement are provided as exhibits for additional detail.
lululemon athletica inc. entered into a Second Amended and Restated Credit Agreement establishing an unsecured five-year revolving credit facility with $600.0 million in commitments. The facility permits requested increases in aggregate commitments up to a total of $1.0 billion. The maturity date is October 15, 2030, with two potential one-year extensions at lululemon’s request under certain circumstances.
Borrowings may be prepaid and commitments reduced or terminated without premium or penalty, subject to customary breakage costs. The facility is guaranteed by lululemon and certain subsidiaries, bears interest at alternative benchmarks plus an applicable margin, and features a pricing grid tied to credit ratings or financial ratios. It includes customary covenants (including leverage and fixed charge coverage) and events of default, including change of control. Bank of America, N.A. serves as administrative agent.
lululemon athletica inc. furnished an update on its latest performance by issuing a press release with financial results for the second quarter ended August 3, 2025. The company also shared other related information and scheduled a conference call at 4:30 p.m. Eastern time on September 4, 2025 to discuss these results in more detail.