Press release
lululemon athletica inc. Announces Third Quarter Fiscal 2025 Results; Board of Directors Authorizes $1.0 Billion Increase in Its Stock Repurchase Program
Revenue increased 7% to $2.6 billion Comparable sales increased 1%, or 2% on a constant dollar basis Diluted EPS of $2.59 VANCOUVER, British
About this update from Lululemon Athletica Inc.
[{"type":"text","content":"\nRevenue increased 7% to $2.6 billion\nComparable sales increased 1%, or 2% on a constant dollar basis\nDiluted EPS of $2.59\n\n VANCOUVER, British Columbia--(BUSINESS WIRE)--\nlululemon athletica inc. (NASDAQ:LULU) today announced financial results for the third quarter of fiscal 2025, which ended on November 2, 2025.\n\nCalvin McDonald, Chief Executive Officer, stated: \"In the third quarter, our teams remained focused on driving improvements within our U.S. business and maintaining momentum in our international regions. We are beginning to make progress against our action plan and continue to expect to see the impact of this work in 2026. As we enter the holiday season, we are encouraged by our early performance, and I would like to thank all our lululemon team members for their hard work and dedication to our guests and communities.\"\n\nFor the third quarter of 2025, compared to the third quarter of 2024:\n\n\nNet revenue increased 7% to $2.6 billion.\n\n\nAmericas net revenue decreased 2%.\n\n\nInternational net revenue increased 33%.\n\n\n\n\nComparable sales increased 1%, or 2% on a constant dollar basis.\n\n\nAmericas comparable sales decreased 5%.\n\n\nInternational comparable sales increased 18%.\n\n\n\n\nGross profit increased 2% to $1.4 billion and gross margin decreased 290 basis points to 55.6%.\n\n\nIncome from operations decreased 11% to $435.9 million and operating margin decreased 350 basis points to 17.0%.\n\n\nThe effective income tax rate for the third quarter of 2025 was 30.5% compared to 30.2% for the third quarter of 2024.\n\n\nDiluted earnings per share were $2.59 compared to $2.87 in the third quarter of 2024.\n\n\nThe Company opened 12 net new company-operated stores during the third quarter, ending with 796 stores.\n\n\nMeghan Frank, Chief Financial Officer, stated: \"We delivered better-than-expected revenue and EPS in the third quarter as a result of our disciplined execution and ongoing strength internationally. Looking forward, we will continue to leverage our strong financial position to invest in our growth initiatives, while maintaining operational rigor. In addition, we are pleased our Board of Directors recently increased our share repurchase authorization, which demonstrates our collective confidence in the opportunities ahead for our brand.\"\n\nStock Repurchase Program\n\nDuring the thir...