Lululemon Athletica (NASDAQ: LULU) has reported lower net income for the second quarter of FY25, despite an increase in revenues.
Q2 net revenue increased 7% year-over-year to $2.5 billion, or grew 6% on a constant dollar basisAmericas’ net revenue edged up 1% in Q2; International net revenue increased 22%, or 20% on a constant dollar basisSecond-quarter comparable sales moved up1%; Americas’ comparable sales decreased 4%, while Intl. comps rose 15%Net income declined to $371 million in the July quarter from $393 million in the comparable quarter of FY24On a per-share basis, Q4 earnings declined to $3.10 from $3.15 in the second quarter of 2024During the quarter, Lululemon repurchased 1.1 million of its shares for a cost of $278.5 millionIt added 14 net new company-operated stores, ending the second quarter with a total of 784 storesFor the third quarter of 2025, the company expects net revenue to be in the range of $2.470 billion to $2.500 billionEarnings per share are expected to be in the range of $2.18 to $2.23 for the third quarterFor fiscal 2025, the company now expects net revenue to be in the range of $10.850 billion to $11.000 billion Full-year earnings per share are now expected to be in the range of $12.77 to $12.97
The post Earnings Summary: Highlights of Lululemon’s Q2 2025 earnings report first appeared on AlphaStreet.
