How Bad Would Falling Sales Be For Lululemon Stock?

Lululemon Athletica (LULU) stock has lost 44.6% over the past year, trailing the 17.3% return of the S&P 500. The underlying business has also turned lower. Revenue fell 4.3% from a year earlier in the quarter that ended on August 2, 2026. On September 3, management lowered its full-year revenue forecast and called the new outlook prudent. If sales stayed at the latest quarter's level for a year, how much would Lululemon still earn.