Levi & Korsinsky Notifies Investors of Pending Investigation Into Securities Claims Involving lululemon athletica inc. (LULU)

Levi & Korsinsky is investigating potential securities law violations at lululemon athletica inc. (NASDAQ: LULU) after the Company reduced its FY2026 revenue and earnings guidance for the second time on September 3, 2026.

NEW YORK, Sept. 14, 2026 (GLOBE NEWSWIRE) -- lululemon athletica inc. (NASDAQ: LULU) took as much as $800 million out of its full-year FY2026 revenue outlook on September 3, 2026, cutting guidance to $10.35 billion to $10.50 billion from $11.00 billion to $11.15 billion -- the second reduction to the same fiscal year. If you hold LULU shares and suffered a loss, you are encouraged to submit your LULU losses for review. You may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.

The same release put numbers behind the reset. Second-quarter net revenue decreased 4% to approximately $2.4 billion. Comparable sales decreased 9%, or 10% on a constant dollar basis. Americas comparable sales decreased 12%. Full-year EPS guidance was reduced to $9.48 to $9.73 from $10.95 to $11.15, and third-quarter revenue was projected to fall 10% to 11%.

Less than six months earlier, on the March 17, 2026 earnings call, Interim Co-CEO and CFO Meghan Frank told investors: "We expect revenue to be in the range of $11.35 billion to $11.5 billion, representing growth of 2% to 4% relative to 2025." The September 3, 2026 range implies a 5% to 7% annual revenue decline. The investigation concerns potential securities law violations relating to those disclosures.

Shareholders who lost money on LULU are encouraged to request a no-cost loss evaluation or call (212) 363-7500.

ABOUT LEVI & KORSINSKY, LLP -- Over the past 20 years, Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders. The firm has extensive expertise in complex securities litigation and a team of over 70 employees. For seven consecutive years, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report.

Frequently Asked Questions About the LULU Investigation

Q: Who is conducting the LULU investigation? A: Levi & Korsinsky, LLP is investigating potential securities fraud claims on behalf of investors who purchased LULU securities. The firm is nationally recognized, ranked in the ISS Top 50 for seven consecutive years, and has recovered hundreds of millions of dollars for aggrieved investors.

Q: Who is eligible to participate in the LULU investigation? A: Investors who purchased LULU stock or securities and suffered financial losses may be eligible. Eligibility is based on purchase date and documented losses -- not on whether you still hold the shares.

Q: Which statements are being investigated as potentially misleading? A: The investigation concerns whether lululemon athletica inc. made materially false or misleading statements regarding its FY2026 revenue and earnings outlook and underlying sales trends. When the Company reduced its FY2026 guidance for a second time on September 3, 2026 and reported a 9% comparable-sales decline, the stock price declined.

Q: What do LULU investors need to do right now? A: Investors may gather brokerage records showing purchase dates, share quantities, and prices paid. Submit your information for a no-cost, no-obligation evaluation of your potential recovery. No immediate action is required to remain eligible to participate in the investigation.

Q: What is a lead plaintiff and why does it matter? A: If the investigation proceeds to legal action, a lead plaintiff is the investor the court appoints to represent the group of affected investors. Lead plaintiffs are typically investors with the largest documented losses.

Q: What if I already sold my LULU shares -- can I still recover losses? A: Yes. Eligibility is based on when you purchased, not whether you still hold the shares. Investors who bought LULU and sold at a loss may still participate in the investigation.

Q: What does it cost me to participate? A: There is no upfront cost to submit your information and review whether you may be eligible to recover. Should you choose to participate in any resulting action, these matters are generally handled on a contingency basis, with any attorneys' fees and expenses subject to court approval.

Q: Do I need to go to court or give testimony? A: No. Participating in the investigation does not require court appearances or depositions. If legal action is later pursued, the overwhelming majority of affected investors never appear in court either.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 27th Floor
New York, NY 10004
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171

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