lululemon2025财年第二季度净营收同比增长7%

Core Insights - Lululemon's Q2 2025 global net revenue increased by 7% year-over-year to $2.5 billion, while gross profit rose by 5% to $1.5 billion [1] - The company experienced a decline in gross margin by 110 basis points to 58.5%, and operating income decreased by 3% to $523.8 million, with operating margin down by 210 basis points to 20.7% [1] - International business net revenue grew by 22%, and net revenue from mainland China increased by 25% [1] - Lululemon revised its full-year revenue guidance for 2025, now expecting net revenue between $10.85 billion and $11 billion, reflecting a growth of approximately 2% to 4% [1] - The CFO highlighted that Q2 earnings per share exceeded expectations, but overall revenue fell short due to U.S. market performance and industry challenges, including tariff increases [1] - The company plans to open about 15 new stores in the Americas in 2025, with nearly half located in Mexico, and will focus on expanding in China for new store openings [1]