lululemon athletica inc. Investigation Notice: Levi & Korsinsky Notifies Investors of Pending Investigation Into lululemon athletica inc.

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.

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.

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.