LULU Shareholder Notice: Lululemon Sued for Securities Fraud over Alleged Misrepresentations to Investors - Class Action Deadline is January 4

Lululemon has been sued for securities fraud after its stock dropped 8.6% and 17.4% following disclosures concerning its financial results, sales trends, and outlook. The complaint alleges that Lululemon misrepresented the strength of its growth and overall business health.

NEW YORK, Nov. 4, 2026 /PRNewswire/ -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against lululemon athletica inc. (NASDAQ: LULU) for securities fraud after significant stock drops resulting from alleged violations of the federal securities laws.

If you invested in Lululemon, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/lululemon-class-action-lawsuit.

Key Details of the Lululemon ($LULU) Class Action:

• Lead Plaintiff Deadline: January 4, 2027
• Alleged Misconduct: Securities fraud alleging Lululemon misrepresented the strength of its growth and overall business health
• Largest Alleged Stock Drop: September 4, 2026 – 17.4%
• Court: U.S. District Court for the District of New Jersey
• Action: Contact BFA Law to discuss your rights

Investors have until January 4, 2027 to ask the Court to be appointed to lead the case. The complaint asserts securities fraud claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors who purchased or otherwise acquired Lululemon securities between March 18, 2026 and September 3, 2026, inclusive. The class action is pending in the U.S. District Court for the District of New Jersey. It is captioned Koronczi v. lululemon athletica inc., et al., No. 26-cv-14271.

Why is Lululemon Being Sued for Securities Fraud?

Lululemon is a designer, distributor, and retailer of technical athletic apparel, footwear, and accessories. Lululemon's apparel includes pants, shorts, tops, and jackets designed for athletic activities, as well as fitness-oriented apparel and accessories.

According to the complaint, Lululemon misled investors about the strength of its growth and overall business health.

Why did Lululemon's Stock Drop?

On June 4, 2026, after market close, Lululemon announced surprisingly weak fiscal 1Q26 results. Specifically, Lululemon disclosed that gross margins were down 4% year-over-year. Further, sales trends slowed at the end of the quarter due to both negative media commentary about Lululemon's products and underwhelming results from new product launches. As a result, Lululemon lowered its FY26 revenue and EPS guidance, and issued weak fiscal 2Q26 guidance that fell short of analyst expectations.

On this news, the price of Lululemon stock declined by 8.6% on June 5, 2026.

Then, on September 3, 2026, after market close, Lululemon announced weak fiscal 2Q26 results which underperformed the already-lowered guidance issued the previous quarter. Specifically, Lululemon announced a year-over-year revenue decline of 4.3%, including a 10% decline in same-store sales and a 20% decline in Lululemon's core products—leggings and women's tops—during the quarter. Management lowered FY26 revenue, operating margins, and EPS guidance, and issued fiscal 3Q26 EPS guidance which was 60% below analysts' expectations.

On this news, the price of Lululemon stock declined by $21.16 per share, or 17.4%, from a closing price of $121.77 per share on September 3, 2026 to a closing price of $100.61 per share on September 4, 2026.

Click here for more information: https://www.bfalaw.com/cases/lululemon-class-action-lawsuit.

What Can You Do?

If you invested in Lululemon, you may have legal options and are encouraged to submit your information to the firm.

All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.

Submit your information by visiting:

https://www.bfalaw.com/cases/lululemon-class-action-lawsuit

Why Bleichmar Fonti & Auld LLP?

BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named "Elite Trial Lawyers" by the National Law Journal, "Litigation Stars" by Benchmark Litigation, among the top "500 Leading Plaintiff Financial Lawyers" by Lawdragon, "Titans of the Plaintiffs' Bar" by Law360, and "SuperLawyers" by Thomson Reuters.

Most recently, The Legal 500 awarded BFA the most client satisfaction accolades of any plaintiff's securities litigation law firm, with clients noting: "[t]here is no better service provider in the practice area," "[t]he interest of the client is always front and center," and "[t]here isn't a better firm in this space." One testimonial described the firm as "nimble and entrepreneurial," with a "relentless focus on adding value for clients."

BFA's notable successes include a recovery of over $900 million in value from Tesla, Inc.'s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.

For more information about BFA and its attorneys, please visit https://www.bfalaw.com.

https://www.bfalaw.com/cases/lululemon-class-action-lawsuit

Attorney advertising. Past results do not guarantee future outcomes.

SOURCE Bleichmar Fonti & Auld LLP