lululemon Q1 revenue rises 7% to $2.4 billion; diluted EPS $2.60 vs $2.54
lululemon reported first-quarter fiscal 2025 results for the period ended May 4, 2025, with net revenue up 7% to $2.4 billion and diluted EPS of $2.60, compared with $2.54 a year earlier. Income from operations rose 1% to $438.6 million, but operating margin fell 110 basis points to 18.5%. The company now expects 2025 diluted EPS of $14.58 to $14.78 and kept its 2025 net revenue range at $11.150 billion to $11.300 billion.
Key points
- Q1 net revenue rose 7% to $2.4 billion (8% in constant dollars); Americas comparable sales fell 2%, while International comparable sales rose 6%.
- Diluted EPS was $2.60 versus $2.54; income from operations was $438.6 million, up 1%, with operating margin down to 18.5%.
- Q2 2025 guidance calls for net revenue of $2.535 billion to $2.560 billion and diluted EPS of $2.85 to $2.90.
- Inventories rose 23% to $1.7 billion, and the company repurchased 1.4 million shares for $430.4 million in the quarter.
The filing
Written by AI on Nov 8, 2026, 1:12 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 05, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.