Levi & Korsinsky is investigating lululemon athletica inc. (NASDAQ: LULU) over its disclosures concerning IEEPA tariff refunds, after reported quarterly EPS of $2.92 included $0.86 per share from a one-time $134.5 million federal refund and FY2026 guidance was cut for the second time.

NEW YORK, Sept. 9, 2026 /PRNewswire/ — lululemon athletica inc. (NASDAQ: LULU) shareholders absorbed a second FY2026 guidance reduction on September 3, 2026, when the Company lowered full-year revenue guidance to $10.35-$10.50 billion from $11.00-$11.15 billion and EPS guidance to $9.48-$9.73 from $10.95-$11.15 — a reduction of as much as $1.47 per share. If you lost money on your lululemon investment, you are encouraged to submit your loss information here. You may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.

The investigation concerns potential securities law violations, including whether lululemon adequately disclosed the role of federal tariff refunds in its projected and reported results. Reported diluted EPS for the quarter was $2.92. That figure included $0.86 per share tied to refunds of duties collected under the International Emergency Economic Powers Act and associated interest, net of tax. The refunds totaled $134.5 million and contributed 560 basis points to operating margin. The Company stated that its revised outlook does not reflect any further potential tariff refunds.

In a Form 10-Q covering the period ended May 3, 2026, the Company stated that it had “commenced submitting refund claims for eligible IEEPA tariffs,” that “the ultimate amounts that it may recover remain uncertain,” and that it “has not recognized an asset in relation to IEEPA refund claims.” Three months later, the $134.5 million refund benefit appeared in reported earnings.

Shareholders who purchased LULU stock and suffered losses may request a review of your potential recovery. You may also reach Joseph E. Levi, Esq. at jlevi@levikorsinsky.com or (212) 363-7500.

WHY LEVI & KORSINSKY — Ranked in ISS Securities Class Action Services’ Top 50 Report for seven consecutive years, Levi & Korsinsky, LLP is a nationally recognized leader in shareholder rights litigation. With a team of over 70 professionals, the firm has recovered hundreds of millions of dollars for investors.

Frequently Asked Questions About the LULU Investigation

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 fiscal 2026 outlook and the composition of its reported earnings, including the contribution of one-time IEEPA tariff refunds. When the Company disclosed a second FY2026 guidance reduction on September 3, 2026 — including a 5-7% decline in the company’s projected revenue growth rate — the stock price declined.

Q: When did lululemon athletica inc. allegedly mislead investors?A: The investigation concerns statements made before the corrective disclosure that allegedly caused investors to purchase securities at inflated prices.

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: Why should investors choose Levi & Korsinsky?A: Ranked among top securities litigation firms by ISS for seven consecutive years. Recovered hundreds of millions for shareholders with extensive federal court experience.

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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SOURCE Levi & Korsinsky, LLP