lululemon(US:LULU) 2 1 Shi Ji Jing Ji Bao Dao·2025-09-05 09:19Group 1 - Lululemon reported Q2 FY2025 global net revenue of $2.5 billion, a 7% year-over-year increase, with international business net revenue growing by 22% [1][3] - Gross profit increased by 5% to $1.5 billion, while gross margin decreased by 110 basis points to 58.5%; diluted earnings per share were $3.10, down from $3.15 in the same period last year [1][3] - The company's performance fell short of market expectations, leading to a more than 17% drop in stock price in pre-market trading on September 5 [1][3] Group 2 - The primary reason for the underperformance was the continued pressure on Lululemon's core business in North America, with comparable store sales in the Americas declining by 4% [3] - CEO Calvin McDonald acknowledged that the performance in the U.S. market and certain products did not meet expectations, while the China market showed strong growth with a 25% year-over-year increase in net revenue [3] - CFO Meghan Frank indicated that the company is facing industry challenges, including tariff increases, and has adjusted its full-year revenue forecast to between $10.85 billion and $11 billion, down from a previous estimate of $11.15 billion to $11.3 billion [3]