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Lululemon Q1 Revenue Rises 7%
Lululemon Athletica (NASDAQ:LULU) reported its fiscal 2025 first-quarter results on June 5, 2025, delivering revenue growth of 7.3% to $2.4 billion, GAAP EPS of $2.60, and gross margin expanded to 58.3%. Management maintained full-year revenue guidance of $11.15 billion–$11.3 billion (7%-8% growth on an adjusted basis), but it lowered operating margin and earnings guidance for the full fiscal year over concerns about the effects of tariffs. The following analysis highlights key performance inflections, risk management actions, and global growth opportunities with concrete data and executive commentary.In Mainland China, revenue rose 22% on a constant currency basis, and comparable sales grew 8% in Mainland China, while Rest of World revenue jumped 17%, reflecting accelerated international expansion with 59 new stores year over year as of quarter-end and 154 stores now in China. In contrast, North American comparable sales declined 1% (on a constant currency basis), with U.S. revenue up just 2%, despite expanded product innovation and elevated brand activations that drove U.S. unaided brand awareness from the mid-30% range in Q4 FY2024 to 40%.Continue reading
Lululemon Athletica (NASDAQ:LULU) reported its fiscal 2025 first-quarter results on June 5, 2025, delivering revenue growth of 7.3% to $2.4 billion, GAAP EPS of $2.60, and gross margin expanded to 58.3%. Management maintained full-year revenue guidance of $11.15 billion–$11.3 billion (7%-8% growth on an adjusted basis), but it lowered operating margin and earnings guidance for the full fiscal year over concerns about the effects of tariffs.
The following analysis highlights key performance inflections, risk management actions, and global growth opportunities with concrete data and executive commentary.
In Mainland China, revenue rose 22% on a constant currency basis, and comparable sales grew 8% in Mainland China, while Rest of World revenue jumped 17%, reflecting accelerated international expansion with 59 new stores year over year as of quarter-end and 154 stores now in China. In contrast, North American comparable sales declined 1% (on a constant currency basis), with U.S. revenue up just 2%, despite expanded product innovation and elevated brand activations that drove U.S. unaided brand awareness from the mid-30% range in Q4 FY2024 to 40%.
