Lululemon Athletica and StubHub present divergent investment cases in 2026 as consumer spending pivots between premium apparel and live experiences. Lululemon reported fiscal 2025 revenue of $11.1 billion, a 4.9% increase, with net income of $1.6 billion, though its net margin contracted to 14.2% from 17.1% a year earlier. The company cut its 2026 sales outlook to flat, and its stock hit a 52-week low of $109.36 amid a CEO transition, with Heidi O'Neill set to take over in September. StubHub posted fiscal 2025 revenue of $1.7 billion, down 1.4%, and a net loss of approximately $2.0 billion, but swung to a first-quarter 2026 net income of $48.0 million on revenue of $446.0 million, a 12% year-over-year increase. StubHub shares rebounded from a 52-week low of $5.74 in April, and the company trades at a forward price-to-earnings ratio of 23.2 times, compared with Lululemon's 10.5 times.
Lululemon Athletica Inc.Lululemon cut its 2026 sales outlook to flat, net margin contracted, and stock hit 52-week low amid CEO transition.
StubHub Holdings, Inc.StubHub swung to Q1 2026 net income on 12% revenue growth, shares rebounded from 52-week low.