---
schema_version: "secwatch.filing_event.v1"
accession: "0001397187-25-000038"
form_type: "8-K"
ticker: "LULU"
cik: "0001397187"
company_name: "lululemon athletica inc."
filed_at: "2025-09-04T23:59:59+00:00"
generated_at: "2026-05-17T08:16:09.116837+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Lululemon Q2 revenue misses guidance, U.S. comps -4%; cuts FY2025 outlook on tariffs

## Summary
- Q2 revenue $2.5B (+7% YoY), diluted EPS $3.10; revenue below guidance, EPS above expectations.
- Americas comparable sales -4% (-3% constant dollar); international comps +15%; CEO cites U.S. product execution issues.
- Gross margin -110 bps to 58.5%, operating margin -210 bps to 20.7%; inventories +21% to $1.7B.
- FY2025 revenue guidance cut to $10.85B-$11.00B (growth 2-4%); EPS guidance $12.77-$12.97; includes ~$240M tariff hit.
- Repurchased 1.1M shares for $278.5M in Q2; 784 stores, net +14.

## SEC filing metadata
- accession: 0001397187-25-000038
- form_type: 8-K
- ticker: LULU
- cik: 0001397187
- company_name: lululemon athletica inc.
- filed_at: 2025-09-04T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1397187/000139718725000038/0001397187-25-000038-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1397187/000139718725000038/lulu-20250904.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001397187-25-000038
- JSON: https://secwatch.observer/filing/0001397187-25-000038.json
- Plain text: https://secwatch.observer/filing/0001397187-25-000038.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.