Lululemon Forecasts 2026 Results Below Analyst Estimates
Lululemon forecast 2026 results below estimates and named Chip Bergh to its board. The retailer is also navigating a proxy fight with founder Chip Wilson.
Lululemon Athletica Inc. has issued a cautious financial forecast for 2026, projecting revenue and earnings that fall below market expectations as it navigates shifting consumer demand and a leadership transition. The company also announced the appointment of Chip Bergh, the former chief executive of Levi Strauss & Co., to its board of directors. The board is currently facing a proxy challenge from founder Chip Wilson, who has criticized the company's strategic direction and leadership succession.
The athletic apparel maker expects its annual revenue to range between $11.35 billion and $11.50 billion, trailing the $11.52 billion average analyst estimate. Annual profit is forecasted at $12.10 to $12.30 per share, also missing the $12.58 target anticipated by Wall Street. These projections come as the brand continues its search for a permanent CEO following the departure of Calvin McDonald in January.
