Press release
lululemon athletica inc. Announces First Quarter Fiscal 2025 Results
Revenue increased 7% to $2.4 billion, or increased 8% on a constant dollar basis Comparable sales increased 1% Diluted EPS of $2.60 VANCOUVER, British
About this update from Lululemon Athletica Inc.
[{"type":"text","content":"\nRevenue increased 7% to $2.4 billion, or increased 8% on a constant dollar basis\nComparable sales increased 1%\nDiluted EPS of $2.60\n\n\n VANCOUVER, British Columbia--(BUSINESS WIRE)--\nlululemon athletica inc. (NASDAQ:LULU) today announced financial results for the first quarter of fiscal 2025, which ended on May 4, 2025.\n\n\nCalvin McDonald, Chief Executive Officer, stated: \"In the first quarter, we achieved growth across channels, categories, and markets, including the U.S., reflecting the continued strength and agility of our business model. Additionally, guests responded well to the product innovations, newness, and brand activations we delivered around the world. As we navigate the dynamic macroenvironment, we intend to leverage our strong financial position and competitive advantages to play offense, while we continue to invest in the growth opportunities in front of us.\"\n\n\nFor the first quarter of 2025, compared to the first quarter of 2024:\n\n\n\nNet revenue increased 7% to $2.4 billion, or increased 8% on a constant dollar basis.\n\n\nAmericas net revenue increased 3%, or 4% on a constant dollar basis.\n\n\n\nInternational net revenue increased 19%, or 20% on a constant dollar basis.\n\n\n\n\n\n\nComparable sales increased 1%.\n\n\nAmericas comparable sales decreased 2%, or 1% on a constant dollar basis.\n\n\n\nInternational comparable sales increased 6%, or 7% on a constant dollar basis.\n\n\n\n\n\n\nGross profit increased 8% to $1.4 billion and gross margin increased 60 basis points to 58.3%.\n\n\n\nIncome from operations increased 1% to $438.6 million and operating margin decreased 110 basis points to 18.5%.\n\n\n\nThe effective income tax rate for the first quarter of 2025 was 30.2% compared to 29.5% for the first quarter of 2024.\n\n\n\nDiluted earnings per share were $2.60 compared to $2.54 in the first quarter of 2024.\n\n\n\nThe Company repurchased 1.4 million of its shares for a cost of $430.4 million.\n\n\n\nThe Company added three net new company-operated stores during the first quarter, ending with 770 stores.\n\n\n\nMeghan Frank, Chief Financial Officer, stated: \"We delivered first quarter revenue growth at the high end of our guidance and are pleased with the start to our second quarter. Looking ahead, we remain focused on our strategy and continue to operate with discipline as we drive the bu...