Investors who lost money on Lululemon Athletica, Inc (“Lululemon” or the “Company”) stock may have claims to recover their losses. Glancy Prongay Wolke & Rotter LLP (“Glancy”) today announced a securities fraud investigation on behalf of Lululemon Athletica, Inc (NASDAQ: LULU) investors into whether the Company may have violated the federal securities laws. The investigation follows the September 3, 2026 disclosure regarding Lululemon Athletica, Inc.
Investors who lost money on Lululemon Athletica, Inc securities can submit their Lululemon Athletica, Inc loss information to learn about potentially pursuing claims to recover their losses.
Key facts in the Lululemon Athletica, Inc investigation
- Disclosure date: September 3, 2026
- Stock price decline: $21.16 per share, or 17.38%
- Closing price after the decline: $100.61 on September 4, 2026
What happened?
On June 4, 2026, Lululemon announced its financial results the first quarter of 2026. The Company disclosed it was “now expecting net revenue to be in the range of $11 billion to $11.150 billion, representing a decline of 1% to 0%,” significantly below their prior guidance representing growth of 2% to 4%. Further, the Company disclosed it new expected “diluted [EPS] . . . in the range of $10.95 to $11.15 for the year,” significantly below their prior guidance of $12.10 to $12.30.
On an accompanying earnings call held the same day, Lululemon disclosed that it had experienced a significant reduction in store traffic across “all demographics” and regions, particularly in China and the United States, which they primarily blamed on softer-than-planned new product launches and negative media and social-media commentary, the latter of which they asserted had “died down” and “subsided” in the quarter.
On this news, Lululemon shares fell $10.69 or 8.56%, to close at $114.23 per share on June 5, 2026, thereby injuring investors.
Then, on September 3, 2026, Lululemon announced financial results second quarter of 2026. Therein, Lululemon reported, inter alia, lower-than-expected net revenue of approximately $2.42 billion. The Company also sharply reduced Lululemon’s full year 2026 financial guidance again, “now expecting net revenue to be in the range of $10.350 billion to $10.500 billion, representing a decline of 5% to 7%,” significantly below their previously revised guidance.
On an accompanying earnings call held the same day, the Company disclosed that it had continued to face negative media and social-media commentary, negatively impacting customer traffic, and softer-than-planned responses to certain new product launches, contributing to a moderating sales trend. The Company further disclosed that these conditions were primarily attributable to the Company’s Mainland China segment and “compounded by” additional commentary following an event that Lululemon held on the Great Wall of China.
On this news, Lululemon shares fell $21.16 or 17.38%, to close at $100.61 per share on September 4, 2026, thereby further injuring investors.
“The price of Lululemon Athletica, Inc shares fell 17.38% following the September 3, 2026 disclosure that Lululemon had cut its full-year 2026 net revenue guidance to a range of $11 billion to $11.150 billion, a decline of 1% to 0% versus prior guidance of 2% to 4% growth, lowered its EPS guidance to $10.95 to $11.15 from $12.10 to $12.30, and reported a significant reduction in store traffic across all demographics. Investors who suffered losses deserve to know whether they were given complete and accurate information prior to the disclosure, and our investigation seeks to answer that question,” said Charles H. Linehan, Partner at Glancy Prongay Wolke & Rotter LLP.
What’s the next step?
Glancy is investigating potential claims on behalf of Lululemon Athletica, Inc investors. Investors who lost money can contact Glancy about the Lululemon Athletica, Inc investigation, email shareholders@glancylaw.com, or call 310-201-9150 (toll-free: 888-773-9224).
Frequently Asked Questions
Who is eligible? Investors who bought Lululemon Athletica, Inc securities and lost money may have claims, and can contact Glancy to learn whether they are affected by the Lululemon Athletica, Inc investigation.
What is a securities fraud investigation? In the Lululemon Athletica, Inc investigation, Glancy is reviewing whether the Company or its executives may have made false or misleading statements to investors in violation of the federal securities laws.
Has a lawsuit been filed? This release announces Glancy’s investigation, not a lawsuit. If a securities class action is later filed against Lululemon Athletica, Inc, investors may have the opportunity to seek appointment as lead plaintiff.
Does it cost anything to contact Glancy or participate in this investigation? Glancy represents Lululemon Athletica, Inc investors on a contingency fee basis, so investors pay no attorneys’ fees out of pocket. Any attorneys’ fees and litigation expenses are paid only from a recovery, if one is obtained, and are subject to court approval.
Why work with Glancy on the Lululemon Athletica, Inc investigation? Glancy Prongay Wolke & Rotter LLP is a premier law firm with decades of experience representing investors and consumers in securities litigation and other complex class action litigation. Contact Glancy about the Lululemon Athletica, Inc investigation. Prior results do not guarantee a similar outcome.
Whistleblower notice
Persons with non-public information about Lululemon Athletica, Inc should consider their options to aid the investigation or take advantage of the SEC Whistleblower Program. Under the program, whistleblowers who provide original information that leads to a successful SEC enforcement action may receive awards of 10 to 30 percent of the sanctions collected, when those sanctions exceed $1 million. For more information, contact Charles H. Linehan at 310-201-9150 or 888-773-9224, or email shareholders@glancylaw.com.
About Glancy Prongay Wolke & Rotter LLP
Glancy was named one of Law360’s Securities Groups of the Year and ranked second in total investor recoveries by ISS Securities Class Action Services in 2025.
Glancy’s successes have been widely covered by leading news and industry publications, including The Wall Street Journal, The Financial Times, Bloomberg Businessweek, Reuters, the Associated Press, Barron’s, Investor’s Business Daily, Forbes, and Money.
Prior results do not guarantee a similar outcome.
Related links
- Lululemon Athletica, Inc investigation page, Glancy Prongay Wolke & Rotter LLP
- Lululemon Q2 2026 Press Release
- Lululemon Athletica, Inc SEC filings index, EDGAR
- SEC Whistleblower Program
- Glancy Prongay Wolke & Rotter LLP
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View source version on businesswire.com: https://www.businesswire.com/news/home/20261105744200/en/
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