lululemon2025财年第二季度净营收25亿美元，中国内地业务同比增长25%

Core Insights - Lululemon reported a 7% year-over-year increase in global net revenue for Q2 FY2025, reaching $2.5 billion, with international revenue growing by 22% and revenue in the Americas increasing by 1% [1][2] - Comparable sales in the Americas declined by 4%, and the company experienced decreases in gross margin, operating income, and operating margin [1] - The CEO highlighted strong growth in international markets, particularly in mainland China, where revenue increased by 25% year-over-year [1] - The CFO noted that while earnings per share exceeded expectations, overall revenue fell short of guidance due to U.S. market performance, prompting an adjustment in full-year performance expectations [1][2] Financial Performance - Total inventory at the end of Q2 FY2025 was $1.7 billion, a 21% increase compared to $1.4 billion at the end of Q2 FY2024 [2] - For Q3 FY2025, Lululemon expects net revenue to be between $2.47 billion and $2.5 billion, representing a growth of approximately 3% to 4% [2] - The company anticipates full-year net revenue for FY2025 to be between $10.85 billion and $11 billion, reflecting a growth of about 2% to 4% [2] - Expected diluted earnings per share for FY2025 is projected to be between $12.77 and $12.97 [2] Strategic Initiatives - The company plans to open approximately 15 new stores in the Americas in FY2025, with nearly half located in Mexico [1] - China will be a key focus for new store openings in the international market [1]