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Here's What Key Metrics Tell Us About Lululemon (LULU) Q1 Earnings

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For the quarter ended April 2026, Lululemon (LULU - Free Report) reported revenue of $2.47 billion, up 4.3% over the same period last year. EPS came in at $1.69, compared to $2.60 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $2.43 billion, representing a surprise of +1.59%. The company delivered an EPS surprise of +1.26%, with the consensus EPS estimate being $1.67.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Lululemon performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Total stores: 816 versus the six-analyst average estimate of 818.
  • Total Gross Square Footage: 3,788.00 Ksq ft versus the five-analyst average estimate of 3,740.39 Ksq ft.
  • Total Comparable Sales (Change in constant dollars): -2% compared to the -0.7% average estimate based on five analysts.
  • Total Comparable Sales: 1% versus -0.6% estimated by three analysts on average.
  • Geographic Revenues- China Mainland: $478.4 million versus $467.55 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +30% change.
  • Geographic Revenues- Rest of World: $372 million compared to the $377.37 million average estimate based on six analysts. The reported number represents a change of +13.4% year over year.
  • Geographic Revenues- Americas: $1.62 billion versus the six-analyst average estimate of $1.59 billion. The reported number represents a year-over-year change of -3.2%.
  • Geographic Revenues- United States: $1.31 billion versus the three-analyst average estimate of $1.28 billion. The reported number represents a year-over-year change of -3.6%.
  • Geographic Revenues- Canada: $283.34 million compared to the $280.19 million average estimate based on three analysts. The reported number represents a change of -3.2% year over year.
  • Net Revenue by Channel- Company-operated stores: $1.19 billion versus $1.15 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +3.5% change.
  • Net Revenue by Channel- Other channels: $281.32 million compared to the $278.01 million average estimate based on four analysts. The reported number represents a change of +9.6% year over year.
  • Net Revenue by Channel- E-commerce: $997.44 million versus $1.01 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +3.8% change.

View all Key Company Metrics for Lululemon here>>>

Shares of Lululemon have returned -4.6% over the past month versus the Zacks S&P 500 composite's +4.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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