Which words does Lululemon say on Thursday's earnings call?

'Churn', 'crisis', 'lawsuit', 'Trump', 'Anthropic' and 'newsletter' appear zero times across four full transcripts, roughly 36,500 words including every analyst question. They are priced at 13, 10, 8.5, 6.5, 6.5, and 5 cents, which is 49.5 cents of premium on words that have never been spoken. 'Lawsuit' is the one that could potentially be mentioned. Lululemon has been suing Costco over trade dress since 2025, and as of May, all of it was settled except for a single men's zip-up jacket. Although it has still never come up on a call.

Across Lululemon's last four earnings calls, 'growth' has appeared 34, 23, 25, and 21 times against a contract needing 10. 'Quarter' has appeared 38, 32, 31, and 23 times against a bar of 15. 'China' has appeared 15, 12, 8, and 19 times against a bar of 5. 'Tax' has appeared 5, 5, 8, and 5 times, and 'capital' 6, 3, 6, and 6 times, both needing one. Those five prices, all above 91 cents, are close to right. ' Profit 10 or more times' is priced at just 4.25 cents and was mentioned 2, 2, 1, and 1 times. 'Fiscal 20 or more times' is priced at 3.45 cents and was mentioned 1, 2, 1, and 1 times. So, these two are also priced correctly.

Lululemon reports after the close tomorrow, and the word market on it isn't small. Polymarket lists 25 contracts: 'Fiscal', 'Quarter', 'Profit', 'Growth', 'China', 'Innovation', 'Tax', 'Exchange', 'Trump', 'Lawsuit', 'Capital', 'Crisis', 'Churn', 'Newsletter', 'AI / Artificial Intelligence', 'Iran', 'Anthropic', 'Membership', 'Tariff', 'Energy', 'Lifestyle', 'Outerwear', 'Waterline', and 'Design'.