lululemon athletica inc. (LULU) Announced Q4 2025 Earnings on March 17, 2026, Reporting "total net revenue rose 1% to $3.6 billion".

For the fourth quarter of 2025, interim Co-CEO and CFO Meghan Frank reported that "total net revenue rose 1% to $3.6 billion". Gross profit for the fourth quarter was $2 billion or 54.9% of net revenue.

Operating income for the quarter was approximately $812 million, or 22.3% of net revenue.

Net income for the quarter was $587 million or $5.01 per diluted share.

Inventory at the end of Q4 was $1.7 billion.

Management outlined an action plan focused on product creation, product activation, and enterprise enablement.

Interim Co-CEO Andre Maestrini stated a primary goal in North America is "returning the business to healthier levels of full-price sales" after seeing a higher markdown penetration in 2025.

The company has increased its new style penetration to approximately 35% and is sharpening its focus on activity based merchandising in stores by offering clear destinations for core activities including run, train, and yoga and pilates.

The company highlighted several new product innovations, including the Unrestricted Power training collection constructed from the newest technical fabric innovation called PowerLu, and ThermoZen insulated jackets and vests. An updated version of the ShowZero no-show-sweat technology was developed in collaboration with professional tennis player Frances Tiafoe and debuted at the BNP Paribas Open.

Additionally, the brand continues its partnership as the official outfitter of Team Canada for the Olympics.

For the full year 2026, management expects revenue to be in the range of $11.35 billion to $11.5 billion, representing growth of 2% to 4% relative to 2025.

Diluted earnings per share for the fiscal year 2026 are expected in the range of $12.10 to $12.30.

For the first quarter of 2026, the company expects revenue in the range of $2.4 billion to $2.43 billion, with earnings per share expected in the range of $1.63 to $1.68.