Lululemon Faces Growth Crossroads Ahead of Q4 Earnings

Before Lululemon's Q4 results after the market closes on March 17, analysts expect EPS of $4.78 on revenue of about $3.57 billion. The company has beaten earnings in the last 16 quarters, but the slowdown could be cyclical or structural as competition from Alo Yoga, Vuori, Athleta and Nike intensifies. International growth helped but remains a minority of revenue, and a beat may not be enough without durable growth. Options traders anticipate roughly a 10.5% post-earnings move, while the Street’s consensus is a Hold (1 Buy, 17 Holds) with a $202.87 target implying ~27% upside, signaling investors want clearer evidence of sustained momentum.