lululemon athletica inc. (NASDAQ: LULU) Securities Class Action

USDC – District of New Jersey

november 2, 2026

CLASS PERIOD: march 18, 2026 – september 3, 2026
LEAD PLAINTIFF DEADLINE: january 4, 2027

Please complete the form below to contact Kaplan Fox regarding the lululemon athletica class action:

Principal Contacts

About the lululemon athletica class action lawsuit

A securities class action has been filed against lululemon athletica inc. (NASDAQ: LULU) on behalf of investors who purchased or otherwise acquired Lululemon securities between March 18, 2026 and September 3, 2026 (the “Class Period”). The case was filed on November 2, 2026 in the U.S. District Court for the District of New Jersey.

Investors who want to ask the court to appoint them lead plaintiff must do so by January 4, 2027. If you invested in Lululemon during the Class Period and lost money, contact Kaplan Fox using the form on this page, by emailing pmayer@kaplanfox.com, or by calling (646) 315-9003.

What the lawsuit alleges

According to the complaint, on September 3, 2026, Lululemon issued a press release announcing its financial results for its fiscal second quarter of 2026 ended August 2, 2026, reporting lower-than-expected net revenue of approximately $2.42 billion, missing consensus estimates by roughly $40 million and sharply reducing Lululemon’s FY 2026 financial guidance.

The class action alleges among other things that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that (i) Lululemon’s store traffic and demand for its products was significantly deteriorating as a result of, inter alia, continued negative media and social-media commentary and softer-than-planned new product launches; (ii) the foregoing was likely to have a material negative impact on the Company’s business and reputation, rendering its previously issued financial guidance for FY 2026 unrealistic; (iii) Defendants downplayed the true scope and severity of the foregoing issues; and (iv) Defendants likewise overstated the strength and durability of Lululemon’s overall business and turnaround plan, particularly in North America and mainland China.

What happened to lululemon athletica stock

On September 4, 2026, the price of Lululemon stock fell $21.16 per share, over 17%, to close at $100.61 per share.

Who may be eligible

The proposed class includes investors who purchased or otherwise acquired Lululemon securities between March 18, 2026 and September 3, 2026. If you bought during that period and lost money, you may be a member of the class.

Lead plaintiff deadline: January 4, 2027

A lead plaintiff is an investor the court appoints to represent the class and oversee the case on its behalf. Class members who want to serve in that role must move the court no later than January 4, 2027. You need not seek to become a lead plaintiff in order to share in any possible recovery. If you have losses, contact us to learn more about the lead plaintiff process.

Case updates

• November 2, 2026: Complaint filed in the District of New Jersey.
• January 4, 2027: Deadline to ask the court to be appointed lead plaintiff.

Frequently asked questions

Do I have to become lead plaintiff to recover?

No. You need not seek to become a lead plaintiff in order to share in any possible recovery.

What if I bought Lululemon outside the Class Period?

The complaint as filed covers purchases between March 18, 2026 and September 3, 2026. Contact us if you are not sure whether your purchases qualify.

WHY CONTACT KAPLAN FOX?

Kaplan Fox & Kilsheimer LLP is a nationally recognized law firm focused on complex litigation, with offices in New York, Oakland, Los Angeles, Chicago, and New Jersey. Founded in 1956, the firm has spent more than 50 years prosecuting securities, antitrust, and consumer protection actions in federal and state courts nationwide, recovering more than $10 billion for clients and the classes it has represented.

Kaplan Fox is widely regarded as one of the nation’s premier plaintiffs’ securities litigation firms and has received recognition from Chambers and Partners, Benchmark Litigation, Super Lawyers, and Lawdragon. Serving as lead or co-lead counsel in many landmark cases, the firm has secured some of the largest recoveries in the history of securities litigation, including a $2.425 billion recovery on behalf of Bank of America shareholders in In re Bank of America—the largest recovery ever obtained for claims under Section 14(a) of the Securities Exchange Act—$800 million recovered for the Arkansas Teacher Retirement System and other pension funds in ATRS v. Allianz Global Investors, and a $475 million settlement in In re Merrill Lynch.

For decades, Kaplan Fox has represented public pension funds, institutional investors, businesses, and individuals in high-stakes litigation. Through its successful advocacy and precedent-setting victories, the firm has helped shape important areas of securities and corporate law while advancing accountability and protecting investor interests.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. Past results do not guarantee future outcomes.

If you have any questions about this Notice, your rights, or your interests, please contact:

CONTACT:

Pamela A. Mayer
KAPLAN FOX & KILSHEIMER LLP
800 Third Avenue, 38th Floor
New York, New York 10022
(646) 315-9003
pmayer@kaplanfox.com

Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1501
Oakland, California 94612
(415) 772-4704
lking@kaplanfox.com