lululemon athletica inc.

NasdaqGS:LULU Stock Report

Market Cap: US$15.2b

lululemon athletica Future Growth

Future criteria checks 1/6

lululemon athletica is forecast to grow earnings and revenue by 3% and 4.5% per annum respectively. EPS is expected to grow by 5.8% per annum. Return on equity is forecast to be 23.6% in 3 years.

Key information

3.0%

Earnings growth rate

5.82%

EPS growth rate

Luxury earnings growth18.1%
Revenue growth rate4.5%
Future return on equity23.64%
Analyst coverage

Good

Last updated06 May 2026

Recent future growth updates

Recent updates

Seeking Alpha • May 05

Lululemon - The Stock Is On Sale, Buy It

Summary Lululemon (LULU) remains a premium brand with underestimated growth durability and is currently trading at a significant discount to fair value. I see LULU as a classic turnaround play, with a base case fair value of $125 and a bull case of $265 per share, implying 104% upside. Recent headwinds include CEO transition, US sales stagnation, tariffs impacting margins, and founder-board tensions, but international growth and brand strength persist. With margin normalization and resumed North American growth, LULU could deliver substantial returns over the next two to three years. Read the full article on Seeking Alpha
Narrative Update • Apr 30

LULU: New CEO And Product Reset Will Drive Future Brand Reacceleration

The Analyst Price Target for lululemon athletica has been trimmed by $2.72 as analysts weigh CEO transition uncertainty, softer recent sales commentary and slightly lower future P/E assumptions against expectations for steady revenue growth and profit margins. Analyst Commentary Recent Street research around lululemon athletica clusters around two main themes: how much execution risk sits around the new CEO, and how quickly sales trends and margins can support the current valuation after a broad round of price target cuts.
New Narrative • Apr 29

Lululemon Got Boring Right About the Time It Got Cheap. That's Usually the Point

A premium athletic apparel brand earns a 24% return on invested capital. It generates roughly $920 million of free cash flow on $11 billion of revenue.
Narrative Update • Apr 15

LULU: New Leadership Turbulence And Product Reset Will Drive Bullish Turnaround Outlook

Analysts have collectively reduced their price targets on Lululemon, trimming the implied valuation by calibrating assumptions such as the discount rate and future P/E to reflect sluggish recent sales trends, mixed product demand signals, and uncertainty around the timing and impact of a potential CEO transition. Analyst Commentary Street research on lululemon athletica has clustered around a similar message, with many firms lowering price targets while keeping ratings such as Neutral, Hold, In Line or Buy.
Narrative Update • Apr 01

LULU: New Leadership And Product Reset Will Support Bullish Turnaround Outlook

The analyst price target for lululemon athletica has been reduced by several firms in recent research, prompting a cut in the modeled fair value from about $208.35 to $183.80, as analysts factor in softer revenue growth, slightly lower profit margins, and a modestly lower future P/E expectation. Analyst Commentary Recent research on Lululemon reflects a clear reset in expectations, with many firms trimming price targets and a few holding a more balanced stance.
New Narrative • Mar 19

Lululemon - A Fundamental and Historical Valuation

Business Overview Key Metrics Total: 4/17 +1 ✅ Projected Operating Margin: 18.84% +0 ⚠️ Projected 5-Year Revenue CAGR: 4.73% +2 ✅✅ Last 5-Year ROIC: 45.98% +1 ✅ Estimated Cost of Capital: 7.18% (lower than ROIC) +1 ✅ Last 5-Year Shares Outstanding CAGR: -2.51% -1 ❌ Projected 5-Year EPS CAGR: 6.92% (lower than 10%) +0 ⚠️ Projected 5-Year Dividend CAGR: N/A +2 ✅✅ Estimated Debt Rating: Aaa -1 ❌ Morningstar Moat: Narrow -1 ❌ Morningstar Uncertainty: High Business Valuation To calculate the intrinsic value of the company I'll use multiple methods: Discounted Cash Flows (DCF) - Intrinsic value is estimated by projecting its free cash flows over the next 10 years and discounting them to present value using the estimated cost of capital ; EPS Growth - the fair value is estimated by projected the Earnings Per Share CAGR for the next 5 Years and then, given its current and historic values of PE, come up with a PE for the 5th Year. This will give us its price 5 Years from now using the formula: Price = EPS x PE that we then discount using the estimated cost of capital; Historical EV/EBITDA - we assume mean reversion to the historical EV/EBITDA values; Historical P/E - we assume mean reversion to the historical P/E values; Historical P/S - we assume mean reversion to the historical P/S values.
Narrative Update • Mar 18

LULU: Leadership Upheaval And Product Execution Will Shape Brand Recovery Prospects

The analyst fair value estimate for lululemon athletica has been adjusted from $160 to $170, as analysts weigh mixed sales trends, margin expectations, product newness, and the potential impact of leadership changes, reflected in a wide range of recent price target revisions across the Street. Analyst Commentary Recent research highlights a split view on lululemon athletica, with several bearish analysts turning more cautious around Q4 and early Q1 trends, product newness, and the timing and impact of any potential CEO transition.
New Narrative • Mar 17

Lululemon Athletica Inc. (LULU): Searching for a Floor After a "Brutal" Valuation Reset

Lululemon (LULU) concluded the March 17, 2026, trading session at $159.27 USD , down approximately 51.3% from its 52-week high of $348.50. This staggering one-year decline reflects a transition from a "hyper-growth" darling to a "value" stock as the company grapples with saturated North American demand and leadership instability.
New Narrative • Mar 14

China Is Growing 46%, The Stock Is Down 47%. Growth and Value Outside the US Market.

The Value Perspective Lululemon is currently trading at 6.8x EV/EBITDA, a 69% discount to its own 10-year median of 22x. To put that in perspective, this multiple is approaching the all-time low of 6.63x the stock has ever seen across its entire public history.
Narrative Update • Mar 04

LULU: New CEO And Product Reset Will Shape Bullish Turnaround Outlook

Analysts made a slight adjustment to their price target on lululemon athletica, reflecting mixed views as some firms lifted targets into the low $200s while others reduced them toward $200. This balances optimism around new product and sector tailwinds with caution on potential margin risk and operational changes under the new CEO.
Narrative Update • Feb 18

LULU: Proxy Fight And CEO Search Will Shape Next Phase

Analysts have inched their fair value estimate for Lululemon slightly lower to $269.46 from $270.63, reflecting a shift toward a higher discount rate and lower future P/E assumptions, even as they factor in updated views on revenue growth and profit margins in light of recent mixed research commentary on leadership changes and sector demand trends. Analyst Commentary Recent Street research on lululemon athletica highlights a mix of optimism on the share price outlook and concern around leadership changes and North American demand, which helps explain the modest trim to the fair value estimate.
Narrative Update • Feb 03

LULU: Proxy Fight And Leadership Turnover Will Shape Turnaround Outlook

Analysts have lifted their price targets for lululemon athletica, reflected in our fair value estimate moving from about US$190 to about US$208, as they factor in Street research that highlights higher long term revenue growth assumptions, a slightly richer future P/E multiple, and mixed views on leadership changes and demand trends. Analyst Commentary Street research on lululemon athletica currently reflects a split view, with several bullish analysts raising price targets while more cautious voices focus on leadership turnover and North American demand trends.
Narrative Update • Jan 20

LULU: Leadership Turmoil And NFL Deal Will Pressure Brand And Earnings

Analysts held Lululemon's fair value estimate steady at US$160.00, while modestly adjusting assumptions around revenue growth, profit margins, and future P/E. This reflects mixed views that balance cautious perspectives on North American leadership changes and brand focus with more constructive sector outlooks and modestly higher Street price targets in the US$203 to US$228 range.
Narrative Update • Jan 06

LULU: Proxy Fight And CEO Transition Will Reset Boardroom Direction

Analysts have trimmed their implied fair value for Lululemon athletica to about $270 from roughly $410, citing softer projected revenue growth, lower profit margin expectations, a slightly higher discount rate, and a reduced future P/E multiple. Analyst Commentary Recent Street research on Lululemon reflects a split view, with several firms flagging execution risks in North America and leadership turnover, while some bullish analysts are still pointing to pockets of opportunity tied to sector trends and brand initiatives.
Narrative Update • Dec 21

LULU: Leadership Turnover Will Deepen North American Turnaround And Earnings Risks

Analysts have raised their fair value estimate for lululemon athletica to approximately $160 per share from about $117, reflecting slightly higher long term growth expectations. At the same time, they flag mounting leadership uncertainty, strategic brand risks and a more volatile earnings outlook.
Analysis Article • Dec 19

lululemon athletica inc.'s (NASDAQ:LULU) Share Price Boosted 30% But Its Business Prospects Need A Lift Too

The lululemon athletica inc. ( NASDAQ:LULU ) share price has done very well over the last month, posting an excellent...
Narrative Update • Dec 07

LULU: NFL Partnership And Leadership Turnover Will Shape Brand Trajectory Amid Mixed Outlook

The analyst-derived fair value estimate for lululemon athletica has been trimmed modestly from $193.54 to $190.19 as analysts factor in executive turnover, softer North American trends, and increased uncertainty around growth initiatives and brand positioning. Analyst Commentary Recent Street research has turned more cautious on lululemon, with several firms cutting ratings and price targets as they reassess the balance between the company’s long term brand equity and growing execution risk, particularly in North America.
Narrative Update • Nov 23

LULU: NFL Partnership Will Drive Renewed Brand Momentum Amid Management Uncertainty

Analysts have slightly reduced their fair value target for lululemon athletica to $193.54 from $194.36, citing heightened management uncertainty, slowing North American growth, and broader sector headwinds. Analyst Commentary Recent street research reveals a significant shift in sentiment around Lululemon athletica, as analysts weigh ongoing management changes, North American demand challenges, and evolving sector trends.
Narrative Update • Nov 08

LULU: Future NFL Apparel Partnership Will Drive Renewed Brand Momentum

Analysts have lowered their average price target on lululemon athletica by a significant margin. They cite persistent U.S. headwinds, tariff impacts, and increasing uncertainty around the company's growth and earnings visibility in the near term.
Narrative Update • Oct 25

Renewed Market Caution Will Drive Momentum Shifts Amid Competitive Pressure

Lululemon athletica's fair value estimate declined slightly to $194.36 from $195.84. Analysts cite slowing growth trends, ongoing U.S. market headwinds, and greater earnings uncertainty across recent Street research.
Narrative Update • Oct 11

Product Refresh And Global Expansion Will Empower Future Market Leadership

Lululemon athletica’s analyst fair value target has been lowered to approximately $195.84 from $198.36. Analysts cite growing concerns over U.S. sales headwinds, increased competitive pressures, and a subdued earnings outlook, despite relatively stable profit margins.
Narrative Update • Sep 27

Product Refresh And Global Expansion Will Empower Future Market Leadership

Analysts have trimmed Lululemon's price target from $202.60 to $198.36, citing intensifying U.S. competition, weaker domestic sales momentum, tariff-related headwinds, and concerns over product freshness and growth outlook despite otherwise reasonable valuations. Analyst Commentary Bearish analysts see intensifying competition in the athleticwear space, particularly in the U.S., with Lululemon's domestic business showing declining sales growth, lack of positive catalysts, and brand momentum concerns.
Narrative Update • Sep 12

Product Refresh And Global Expansion Will Empower Future Market Leadership

Lululemon's consensus price target was revised down to $202.60 as analysts cite weakening U.S. sales, stale product issues, heightened competition, earnings and guidance cuts, and new tariff pressures weighing on profit outlook. Analyst Commentary Ongoing weakness in Lululemon’s U.S. business, with negative sales growth for the first time in years, persistent execution issues, and difficulty reigniting brand momentum amid intensifying domestic competition.
Analysis Article • Sep 10

Weekly Picks: 🛢️ The oil giant the market may still be mispricing and 2 more picks

This week’s picks cover: Why the market currently undervalues the durability of Exxon’s cash flows, why National HealthCare’s temporary profit pressure creates an opportunity, and how Lululemon’s pressure from tariffs and consumer sentiment could be overdone.
Narrative Update • Aug 27

New Product Lines And Store Expansion Will Fuel Global Momentum

Analysts have modestly reduced their fair value target for lululemon athletica to $276.45 amid concerns over U.S. sales softness, higher tariffs, and increased competition, partially offset by optimism regarding new product launches and resilient brand strength. Analyst Commentary Bullish analysts see Lululemon’s recent stock selloff and historically low valuation as an attractive opportunity to own a strong growth company with high margins, contingent on successful execution of sales growth targets and new product rollouts.
Analysis Article • Jul 04

Lacklustre Performance Is Driving lululemon athletica inc.'s (NASDAQ:LULU) 26% Price Drop

lululemon athletica inc. ( NASDAQ:LULU ) shareholders won't be pleased to see that the share price has had a very rough...
Analysis Article • Jun 27

Should You Think About Buying lululemon athletica inc. (NASDAQ:LULU) Now?

lululemon athletica inc. ( NASDAQ:LULU ) received a lot of attention from a substantial price movement on the NASDAQGS...
Analysis Article • May 19

lululemon athletica inc.'s (NASDAQ:LULU) 28% Share Price Surge Not Quite Adding Up

lululemon athletica inc. ( NASDAQ:LULU ) shareholders are no doubt pleased to see that the share price has bounced 28...
Seeking Alpha • Apr 27

lululemon: Why I'm Aggressively Buying The Q4 Dip? (Rating Upgrade)

Summary I upgrade lululemon to a "buy" as the company sees stabilization in the US market while sustaining momentum in its international markets through robust product innovation and superior guest experience. Despite a 32% stock decline since my last writing, lululemon's Q4 earnings beat estimates, showing strong revenue growth and margin expansion, particularly in international markets. While Tariff-related headwinds and rising inventory pose risks, with the management predicting a slowdown in FY25, easing trade tensions could offer potential upside. According to my valuation, the stock is undervalued at just 10.85 times its projected FY29 EPS, suggesting an upside of at least 37%, making it an attractive investment opportunity. Read the full article on Seeking Alpha

Earnings and Revenue Growth Forecasts

NasdaqGS:LULU - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
1/31/202912,6041,6081,0422,32910
1/31/202811,9871,5001,1271,95629
1/31/202711,4761,4221,1781,88830
2/1/202611,1031,5799221,602N/A
11/2/202511,0731,7411,1281,861N/A
8/3/202510,9041,7861,1681,912N/A
5/4/202510,7501,8081,3152,026N/A
2/2/202510,5881,8151,5832,273N/A
10/27/202410,1821,7361,5952,255N/A
7/28/20249,9891,6331,6992,345N/A
4/28/20249,8271,5811,7332,378N/A
1/28/20249,6191,5501,6442,296N/A
10/29/20239,1861,0011,3061,958N/A
7/30/20238,8391,0079691,634N/A
4/30/20238,4989555911,255N/A
1/29/20238,111855328966N/A
10/30/20227,4681,16992651N/A
7/31/20227,0611,102238744N/A
5/1/20226,6441,020490932N/A
1/30/20226,2579759951,389N/A
10/31/20215,8578711,0511,376N/A
8/1/20215,5248279741,243N/A
5/2/20214,9767058971,139N/A
1/31/20214,402589574803N/A
11/1/20204,070557420660N/A
8/2/20203,869539427679N/A
5/3/20203,849578344611N/A
2/2/20203,979646386669N/A
11/3/20193,749566N/A521N/A
8/4/20193,581534N/A583N/A
5/5/20193,421505N/A644N/A
2/3/20193,288484N/A743N/A
10/28/20183,050385N/A675N/A
7/29/20182,921350N/A597N/A
4/29/20182,779303N/A506N/A
1/28/20182,649259N/A489N/A
10/29/20172,510275N/A419N/A
7/30/20172,436284N/A387N/A
4/30/20172,369289N/A366N/A
1/29/20172,344303N/A386N/A
10/30/20162,259285N/A371N/A
7/31/20162,194270N/A368N/A
5/1/20162,132264N/A318N/A
1/31/20162,061266N/A298N/A
11/1/20151,959259N/A174N/A
8/2/20151,898267N/A223N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: LULU's forecast earnings growth (3% per year) is below the savings rate (3.5%).

Earnings vs Market: LULU's earnings (3% per year) are forecast to grow slower than the US market (16.6% per year).

High Growth Earnings: LULU's earnings are forecast to grow, but not significantly.

Revenue vs Market: LULU's revenue (4.5% per year) is forecast to grow slower than the US market (11.5% per year).

High Growth Revenue: LULU's revenue (4.5% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: LULU's Return on Equity is forecast to be high in 3 years time (23.6%)

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/07 04:44
End of Day Share Price 2026/05/07 00:00
Earnings2026/02/01
Annual Earnings2026/02/01

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

lululemon athletica inc. is covered by 58 analysts. 30 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
John StaszakArgus Research Company
Mark AltschwagerBaird
Stacy PakBarclays