5 Best Canadian Stocks to Invest In According to Billionaires

2. Lululemon Athletica Inc. (NASDAQ:LULU)

Dollar Value of Billionaire Holdings: $898 million

Number of Billionaire Investors: 26

Lululemon Athletica Inc. (NASDAQ:LULU) is one of the best Canadian stocks to invest in according to billionaires. On June 4, Lululemon Athletica reported its financial results for FQ1 2026. The company saw net revenue increase 4% to $2.5 billion, while diluted EPS were $1.69, down from $2.60 in the same period last year. During the quarter, the company repurchased 2.2 million shares for $358.3 million and expanded its retail footprint to 816 stores.

Interim Co-CEOs Meghan Frank and André Maestrini noted a solid start to the year characterized by disciplined execution and growth in international markets, which saw revenue rise 22%. However, the company experienced a 3% decline in Americas net revenue and is currently navigating market headwinds. Management is taking steps to reposition the business, strengthen its product engine, and address recent performance challenges to reignite growth.

Looking ahead, Lululemon has adjusted its outlook for the remainder of the year. For the second quarter, the company anticipates net revenue between $2.45 billion and $2.475 billion. For the full fiscal year 2026, Lululemon Athletica Inc. (NASDAQ:LULU) now expects net revenue to range from $11 billion to $11.15 billion, with diluted earnings per share projected to be between $10.95 and $11.15.

Lululemon Athletica Inc. (NASDAQ:LULU) engages in the business of designing, distributing, and retailing technical athletic apparel, footwear, and accessories.