I lean slightly bearish in the near term, with risk that Lululemon remains under pressure until at least fiscal 2026 when some of the turnaround efforts (new styles, international ramp, cost mitigation) might start to show clearer results. The pessimistic case seems more plausible in the next 6–12 months unless management hits wins fast.
However, this is not a broken brand—it has strong brand equity, good margins historically, loyal customers. So it’s more of a “wait & see, but high risk” scenario than a collapse. If I were an investor, I’d view current weakness as a possible entry point only if I saw signs of inventory improvement, product refresh working, and less margin leakage from tariffs/cost
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
