Lululemon Athletica said net revenue for Q2 2025 increased 7% to $2.5 billion, or 6% on a constant dollar basis, and diluted earnings per share were $3.10 compared to $3.15 in the prior-year period.

1. 01

   Lululemon Athletica said net revenue for Q2 2025 increased 7% to $2.5 billion, or 6% on a constant dollar basis, and diluted earnings per share were $3.10 compared to $3.15 in the prior-year period.

2. 02

   The company said comparable sales for Q2 increased 17%, or 16% on a constant dollar basis, in China Mainland and 12%, or 9% on a constant dollar basis, in Rest of World, while Americas comparable sales decreased 4%, or 3% on a constant dollar basis. It cited lower conversion rates and reduced store traffic in the Americas.

3. 03

   Lululemon Athletica said increased tariffs and the removal of the de minimis exemption will reduce gross profit for 2025 by approximately $240 million, net of mitigation efforts, and reduced gross profit by approximately $10 million in the first two quarters of 2025.

4. 04

   The company said it repurchased 2.5 million shares for a total of $715.7 million, including fees and taxes, in the first two quarters of 2025, compared to 2.6 million shares for $888.9 million in the prior-year period.

Key figures

Quarter ended August 3, 2025

Revenue

$2.5B

Operating income

$524M

Net income

$371M

EPS

$3.10

Gross profit

$1.5B

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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