lululemon(US:LULU) Mei Ri Jing Ji Xin Wen·2025-09-05 09:36Core Insights - Lululemon reported a 7% year-over-year increase in global net revenue for Q2 of fiscal year 2025, reaching $2.5 billion, with international revenue growing by 22% and revenue from the Americas increasing by 1% [1][3] - Comparable sales in the Americas declined by 4%, and the company experienced decreases in gross margin, operating income, and operating margin [1][3] Group 1 - The CEO, Calvin McDonald, noted strong growth in international markets but underperformance in the U.S. market, indicating plans to optimize product offerings and accelerate business development [3] - In mainland China, which is Lululemon's second-largest market globally, net revenue grew by 25% year-over-year, with a 24% increase when adjusted for constant currency [3] - The CFO, Meghan Frank, mentioned that while earnings per share exceeded expectations, overall revenue fell short of company guidance due to U.S. market performance [3] Group 2 - Lululemon plans to open approximately 15 new stores in the Americas in 2025, with nearly half located in Mexico, and will focus on expanding its store presence in China [4] - As of the end of Q2 2025, total inventory was $1.7 billion, a 21% increase from $1.4 billion at the end of Q2 2024 [4] - The company expects Q3 2025 net revenue to be between $2.47 billion and $2.5 billion, representing a growth of approximately 3% to 4%, with diluted earnings per share projected between $2.18 and $2.23 [4]