Touchstone
Last syncNov 1, 2026, 6:55 PM ET

LULU

Lululemon Athletica Inc. Consumer Discretionary Apparel & Other Finishd Prods of Fabrics & Similar Matl S&P 500Russell 3000
$107.24Close $11.9BMarket cap $91.88 – $215.8852-week range Dec 10, 2026Next report

Highlights

Cautions

  • Not in an uptrend 1 of 8 trend conditions
  • Lagging the market RS 11 · weaker than 89% of stocks over 12 months
  • Far from its high 50% below its 52-week high
  • Earnings shrinking EPS −6% year on year

Price

Filing Results Screen pick 52-week high and low Adjusted prices

Key figures

FY to Feb 1, 2026 · filed Sep 3, 2026
Off 12-month high 50%
1wk up 8.3% price change
1mo up 11.5% price change
12-month return down 36% market up 11% · its own down 48%
F-score 6 / 9 Mixed
Altman Z 5.31 Low risk
P/E 7.6× price / earnings
PEG — P/E / EPS growth
P/B 2.4× price / book
Earnings yield up 21.8% EBIT / enterprise value
Cheaper than 81% of the market · markedly cheap
Revenue growth up 5% year on year
EPS growth down 6% latest quarter · +29 pts
Sales growth down 4% latest quarter · -9 pts
ROE up 34% return on equity
Free cash margin up 8% $921.7M FCF
D/E — long-term debt / equity
Net debt / EBITDA -0.7× net cash
Interest cover —EBIT / interest
Piotroski tests
  • profitability slipped from last year
  • gross margin narrowed
  • assets working less efficiently
  • profitable on its assets
  • generating cash from operations
  • profits backed by cash
  • reduced long-term debt
  • short-term liquidity improved
  • no new shares issued

Trade setup

ATR% 3.9% $4.18 a day · 2×ATR $98.89
RS 11 / 99 vs the universe
Trend 1 / 8 trend template
Relative volume 0.7× vs 50-day average
Up/down volume 0.69 50 sessions
Implied move 14.4% by Dec 11, 2026 · report Dec 10, 2026
Trend template · 1 of 8
  • Price above the 50-day average: passes

Screen verdict

Did not qualify for any screen.

Warning signs

1 flagged
  • Gross margin narrowing Gross margin fell from 59.2% to 56.6%. The company is keeping less of each dollar of sales than it did a year ago.
Last reported Sep 3, 2026
Last shock Sep 4, 2026-17% in one session9.3× volumeon results+7% since
Options $11.3M45.6% IV · activity

Financials

6 fiscal years · from filings
Revenue What customers paid the company over its fiscal year, before any cost, as filed in its annual report. The change is against the year before. Methodology $11.1B +5% on FY2025
$0 $20B FY21 FY22 FY23 FY24 FY25 FY26 FY2021 · $4.4B FY2022 · $6.3B FY2023 · $8.1B FY2024 · $9.6B FY2025 · $10.6B FY2026 · $11.1B
Net income Profit left after every cost, interest and tax for the year. A column below the line is a loss. Methodology $1.6B -13% on FY2025
$0 $2B FY21 FY22 FY23 FY24 FY25 FY26 FY2021 · $588.9M FY2022 · $975.3M FY2023 · $854.8M FY2024 · $1.6B FY2025 · $1.8B FY2026 · $1.6B
Free cash flow Cash from running the business less what it spent on equipment and buildings: the cash a year actually left behind, which profit alone does not show. Not shown for banks and insurers, whose cash moves with their loans. Methodology $921.7M -42% on FY2025
$0 $2B FY21 FY22 FY23 FY24 FY25 FY26 FY2021 · $574.1M FY2022 · $994.6M FY2023 · $327.8M FY2024 · $1.6B FY2025 · $1.6B FY2026 · $921.7M
Margins Each as a share of revenue. Gross: left after the direct cost of what was sold. Net: left after every cost. Free cash: free cash flow over revenue. A margin rising over years means the business keeps more of each dollar it sells. Methodology
  • Gross 57%
  • Net 14%
  • Free cash 8%
0% 100% FY21 FY22 FY23 FY24 FY25 FY26 FY2021 · Gross 56% · Net 13% · Free cash 13% FY2022 · Gross 58% · Net 16% · Free cash 16% FY2023 · Gross 55% · Net 11% · Free cash 4% FY2024 · Gross 58% · Net 16% · Free cash 17% FY2025 · Gross 59% · Net 17% · Free cash 15% FY2026 · Gross 57% · Net 14% · Free cash 8%
Cash and long-term debt Cash on the balance sheet at the year's end beside debt due after a year. Net cash is cash less that debt; net debt is the shortfall. Debt some filers do not tag shows as a gap, not as zero. Methodology
  • Cash
  • Long-term debt
$0 $2.5B FY21 FY22 FY23 FY24 FY25 FY26 FY2021 · Cash $1.2B FY2022 · Cash $1.3B FY2023 · Cash $1.2B FY2024 · Cash $2.2B FY2025 · Cash $2.0B FY2026 · Cash $1.8B
Shares outstanding Shares in issue at the year's end. A rising count means each share owns a smaller slice of the company (stock pay, share sales); a falling one, buybacks. The chart's scale is fitted to the count, so a small change looks large: read the percentage. Methodology 111.38m -11.0% since FY2021
125.15m 111.38m FY21 FY22 FY23 FY24 FY25 FY26 FY2021 · 125.15m FY2022 · 123.30m FY2023 · 122.20m FY2024 · 121.11m FY2025 · 116.17m FY2026 · 111.38m
  FY2021Jan 31, 2021 FY2022Jan 30, 2022 FY2023Jan 29, 2023 FY2024Jan 28, 2024 FY2025Feb 2, 2025 FY2026Feb 1, 2026
Revenue $4.4B $6.3B $8.1B $9.6B $10.6B $11.1B
Gross margin 56% 58% 55% 58% 59% 57%
Operating income $820.0M $1.3B $1.3B $2.1B $2.5B $2.2B
Net income $588.9M $975.3M $854.8M $1.6B $1.8B $1.6B
Net margin 13% 16% 11% 16% 17% 14%
Earnings per share $4.50 $7.49 $6.68 $12.20 $14.64 $13.26
Free cash flow $574.1M $994.6M $327.8M $1.6B $1.6B $921.7M
Free cash margin 13% 16% 4% 17% 15% 8%
Cash $1.2B $1.3B $1.2B $2.2B $2.0B $1.8B
Shareholders' equity $2.6B $2.7B $3.1B $4.2B $4.3B $5.0B
Shares outstanding 125.15m 123.30m 122.20m 121.11m 116.17m 111.38m

Next report

Dec 10, 2026

Expected move The move, either way, the option market prices in through the next scheduled report: the at-the-money straddle for the first expiry that contains it, over the price. It includes the days around the report, so it slightly overstates the report alone. Methodology ±14.4% $92 – $122 by Dec 11, 2026
Usual move The median, over the company's last four reports, of how far the stock moved either way from the close before the filing to the close of the session after it. Methodology ±9.3% last 4: -16.2% · -9.4% · +3.4% · +9.2%
Expected against usual The move the options price through this report over the move the last four reports delivered. Above 1 the event is priced bigger than the company's own record; below 1, smaller. A price, not a forecast: it says what protection through the report costs, not which way the stock will go. Methodology Bigger than usual 1.5× the usual move

What options price now

Expected 1-month range The at-the-money straddle for the expiry nearest a month out, as a share of the price: the move, either way, the option market is pricing by then. The range is the price plus and minus that move; the stock ends inside it a little more often than not. Methodology
$97 – $117 ±9.2% by Nov 27, 2026
Swings expected vs recent The daily swings the options are priced for (implied volatility) against the swings the stock actually had over the last 20 sessions (realised volatility). Bigger means options charge for more movement than the stock has been delivering; smaller, less. On a contract row, that contract's own implied volatility over the stock's realised. Methodology
About the same 45.6% priced · 48.0% recent
Next month vs later At-the-money implied volatility for 8-45 day expiries over 46-90 day ones: whether options price the coming month as choppier or calmer than the two after it. Ahead of a report it usually reads choppier, and the extra comes out once the report is out. Methodology
Calmer
Crash protection What options that pay off in a fall cost against options that pay off in a rise (the 25-delta skew), compared with this company's own normal - the median of its stored nightly readings, once there are 20 - and with five sessions ago. Protection costs a little more than upside on most shares. More than usual means readers of the chain are paying up to insure against a drop; it does not say which way the stock will go. Methodology
past week: costs more
Positioning
Premium traded
$11.3M calls $7.3M · puts $4.0M · latest session
Puts against calls, by premium Money spent on puts divided by money spent on calls. Measured in dollars rather than contracts on purpose: counting contracts treats a hundred cheap lottery tickets as more meaningful than one large position, which is backwards. Methodology
0.55× -0.52 over the week
Open interest added The change over five sessions in option positions left open overnight, calls and puts. A rise means positions were added. It cannot say whether they were bought or sold, so more calls is not a vote for a rise: a call is as often sold against shares already held. Methodology
calls -13.67k · puts -8.15k past week

For options traders: ATM IV 45.6% (+1.4% 1w) · 1m ÷ 3m IV 0.86 · 25Δ skew -0.5 pts · Net GEX $5.7M

Most traded contracts

No contract passed the liquidity filters this week.

Filings

SEC EDGAR
FiledReportPeriod to Lag
Sep 3, 2026 Quarterly ↗ Aug 2, 2026 32d
Jun 4, 2026 Quarterly ↗ May 3, 2026 32d
Mar 17, 2026 Annual ↗ Feb 1, 2026 44d
Dec 11, 2025 Quarterly ↗ Nov 2, 2025 39d
Sep 4, 2025 Quarterly ↗ Aug 3, 2025 32d
Jun 5, 2025 Quarterly ↗ May 4, 2025 32d
Mar 27, 2025 Annual ↗ Feb 2, 2025 53d
Dec 5, 2024 Quarterly ↗ Oct 27, 2024 39d
Aug 29, 2024 Quarterly ↗ Jul 28, 2024 32d
Jun 5, 2024 Quarterly ↗ Apr 28, 2024 38d
Mar 21, 2024 Annual ↗ Jan 28, 2024 53d
Dec 7, 2023 Quarterly ↗ Oct 29, 2023 39d

Current reports

FiledDisclosed
Oct 22, 2026 Director or officer change · Regulation FD ↗
Oct 7, 2026 Director or officer change · Regulation FD ↗
Sep 14, 2026 Director or officer change · Charter or bylaws ↗
Sep 3, 2026 Results ↗
Aug 13, 2026 Other events ↗
Jun 26, 2026 Director or officer change · Shareholder vote ↗
Jun 4, 2026 Results ↗
May 27, 2026 Material agreement · Regulation FD ↗
Apr 28, 2026 Director or officer change · Regulation FD ↗
Apr 22, 2026 Director or officer change · Regulation FD ↗
Mar 17, 2026 Results ↗
Mar 17, 2026 Director or officer change · Regulation FD ↗