Core Insights - Lululemon reported a 7% year-over-year increase in global net revenue for Q1 FY2025, reaching $2.4 billion, with international revenue up 19% and revenue from mainland China up 21% [1] - CEO Calvin McDonald highlighted the company's resilient business model and strong product innovation, which contributed to growth across all channels and markets [1] - The company's inventory increased by 23% year-over-year, reaching $1.7 billion at the end of Q1 FY2025 [1] Revenue Projections - For Q2 FY2025, Lululemon expects net revenue to be between $2.535 billion and $2.560 billion, representing a year-over-year growth of approximately 7% to 8% [2] - The company projects full-year net revenue for FY2025 to be between $11.15 billion and $11.30 billion, reflecting a year-over-year growth of about 5% to 7% [2] - Expected diluted earnings per share for FY2025 is projected to be between $14.58 and $14.78 [2]
lululemon2025财年第一季度净营收同比增长7%