Flat H1 revenues as new Lululemon CEO prepares to take over
Specialist gymwear and yogawear brand Lululemon has reported revenues of just under $4.9 billion for the first six months of its current financial year. This covers the period ending August 2, 2026.
This figure is flat compared to the same period a year earlier. Taken in isolation, its revenues for the second quarter were down by 4.3% year on year.
Lululemon lost chief executive Calvin McDonald earlier this year. He announced his intention to step down in December, but agreed to continue as an adviser to the company until April.
In April, the company announced that his successor will be former senior Nike executive Heidi O’Neill. Ms O’Neill will take up the role in the coming days.
These changes have come amid loud, public criticism from the company’s founder, Chip Wilson, of the way Lululemon is being run. Mr Wilson is still its second-largest shareholder.
Lululemon is based in Vancouver, but reports its results in US dollars.
