lululemon (LULU) Q4 2025 Earnings Call Transcript

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Tuesday, March 17, 2026 astatine 4:30 p.m. ET

• Interim Co-CEO and Chief Financial Officer — Meghan Frank

• Interim Co-CEO, President, and Chief Commercial Officer — Andre Maestrini

Meghan Frank, interim Co-CEO and CFO; and Andre Maestrini, interim Co-CEO, President and Chief Commercial Officer. Before we get started, I'd similar to instrumentality this accidental to punctual you that our remarks contiguous volition see forward-looking statements reflecting management's existent forecast of definite aspects of lululemon's future. These statements are based connected existent information, which we person assessed, but by which its quality is dynamic and taxable to accelerated and adjacent abrupt changes.

Actual results whitethorn disagree materially from those contained successful oregon implied by these forward-looking statements owed to risks and uncertainties associated with our business, including those we person disclosed successful our astir caller filings with the SEC, including our yearly study connected Form 10-K and our quarterly reports connected Form 10-Q. Any forward-looking statements that we marque connected this telephone are based connected assumptions arsenic of today, and we expressly disclaim immoderate work oregon undertaking to update oregon revise immoderate of these statements arsenic a effect of caller accusation oregon aboriginal events. During this call, we volition contiguous some GAAP and non-GAAP fiscal measures.

A reconciliation of GAAP to non-GAAP measures is included successful our yearly study connected Form 10-K and successful today's net property release. In addition, the comparable income metrics fixed connected today's telephone are connected a changeless dollar basis. The property merchandise and accompanying yearly study connected Form 10-K are disposable nether the Investors conception of our website astatine www.lululemon.com. On today's call, Meghan volition stock an update connected the enactment program we laid retired for you connected our past net call. Andre volition sermon our determination performance. Meghan volition instrumentality to reappraisal our financials and guidance outlook, and past the squad volition beryllium blessed to instrumentality your questions.

Before I crook the telephone implicit to Meghan, I'd similar to punctual investors to sojourn our capitalist tract wherever you'll find a summary of our cardinal fiscal and operating statistic for the 4th fourth arsenic good arsenic our quarterly infographic. Also, delight enactment that the intent of today's telephone is to sermon lululemon's 2025 fiscal results and 2026 outlook, and we inquire that you support your questions focused connected our performance.

Meghan Frank: Thanks, Howard. I'm gladsome to beryllium present contiguous to sermon our Q4 results, our outlook for 2026, and however we are executing our enactment program to fortify our brand, reaccelerate maturation and make worth for shareholders. Andre and I are moving side-by-side with the elder leaders crossed our enactment to thrust our strategies guardant to amended the U.S. concern portion besides maintaining our planetary momentum and are making advancement to present the show we cognize is imaginable successful each our regions. We person a steadfast and loyal lawsuit basal that remains engaged and looking to america for large merchandise and experiences.