Lululemon Athletica Inc. (NASDAQ:LULU) is one of the best Canadian stocks to invest in according to billionaires.
On June 4, Lululemon Athletica reported its financial results for FQ1 2026
The company saw net revenue increase 4% to $2.5 billion, while diluted EPS were $1.69, down from $2.60 in the same period last year. During the quarter, the company repurchased 2.2 million shares for $358.3 million and expanded its retail footprint to 816 stores. Interim Co-CEOs Meghan Frank and André Maestrini noted a solid start to the year characterized by disciplined execution and growth in international markets, which saw revenue rise 22%.
However, the company experienced a 3% decline in Americas net revenue and is currently navigating market headwinds. Management is taking steps to reposition the business, strengthen its product engine, and address recent performance challenges to reignite growth. Photo by Ian Deng Quddu on Unsplash Looking ahead, Lululemon has adjusted its outlook for the remainder of the year.