Lululemon Athletica Inc. is expected to report Q2 2026 revenue of $2.46 billion and EPS of $1.79, with the stock currently trading at $120.27 compared to a consensus price target of $122.88. Investors are primarily focused on North American comparable sales, which are projected to decline in the low-double digits as the brand struggles with execution and inventory challenges.
Management's outlook for the remainder of fiscal 2026 is critical, as analysts fear a second consecutive guidance cut following the "Breezethrough" product recall and leadership transitions. While international markets like China continue to show growth, the stabilization of the core U.S. business remains the most important catalyst for a potential valuation recovery ahead of the new CEO's arrival.