Lululemon reported first-quarter revenue of $2.37 billion, slightly above the $2.36 billion estimate, with total revenue rising 7% year-over-year. The athletic apparel company reported first-quarter earnings of $2.60 per share, in line with analyst estimates. Inventories were up 23% year-over-year to $1.7 billion. Lululemon’s total store count was 770 at the quarter’s end after opening three net new company-operated stores. Lululemon CEO Calvin McDonald said the company saw growth across all areas, driven by strong performance in the U.S. and positive customer response to new products and brand initiatives. Lululemon expects full-year 2025 revenue to be in the range of $11.15 billion to $11.3 billion versus estimates of $11.24 billion. The company lowered its full-year earnings forecast to $14.58 to $14.78 per share, down from prior guidance of $14.95 to $15.15 per share. Analysts are anticipating full-year earnings of $14.88 per share. Lululemon shares were down 17.62% in after-hours trading on Thursday.
