UAE Equity Research - LuLu Retail Holding PLC 2Q26 - Earnings Call Insight
LuLu Retail’s revenue declined 2.3% YOY to USD 1,971 Mn in 2Q26, driven by lower non-food sales, particularly in discretionary categories, amid weaker consumer sentiment, partially offset by growth in food sales, which was further supported by new store openings and strong e-commerce growth.