Lululemon Athletica said net revenue for Q1 2025 increased 7% to $2.4 billion, or increased 8% on a constant dollar basis, and diluted earnings per share were $2.60 compared to $2.54 in the prior-year period.

1. 01

   Lululemon Athletica said net revenue for Q1 2025 increased 7% to $2.4 billion, or increased 8% on a constant dollar basis, and diluted earnings per share were $2.60 compared to $2.54 in the prior-year period.

2. 02

   The company said gross margin for Q1 increased 60 basis points to 58.3%, income from operations increased 1% to $438.6 million, and operating margin decreased 110 basis points to 18.5%.

3. 03

   Lululemon Athletica said cash and cash equivalents at the end of Q1 were $1.3 billion, inventories increased 23% to $1.7 billion compared to the prior-year period, or increased 16% on a unit basis. Net cash used in operating activities for the quarter was $(118,954) thousand, and the company repurchased 1.4 million shares for $430.4 million.

4. 04

   The company said it expects net revenue for Q2 to be $2.535 billion to $2.560 billion and diluted earnings per share to be $2.85 to $2.90. For fiscal 2025, diluted earnings per share are expected to be $14.58 to $14.78, and the company added that this guidance does not reflect potential future repurchases of its shares.

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Original filing

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