Lululemon forecasts annual revenue, profit below estimates

March 17 (Reuters) - Lululemon LULU.O forecast 2026 revenue and profit below Wall Street expectations on Tuesday, underscoring its challenges as it faces rising competition and an attempt by founder Chip Wilson to overhaul the board.

The company, which is searching for a permanent CEO after Calvin McDonald's departure in December, expects annual revenue to be between $11.35 billion and $11.50 billion, compared with analysts' average estimate of $11.51 billion, according to data compiled by LSEG.

It also forecast annual profit in the range of $12.10 to $12.30 per share, while analysts estimated $12.58.