From CNBC: 2025-06-05 16:32:00

Lululemon exceeded first-quarter earnings expectations but decreased full-year guidance due to a “dynamic macroenvironment.” Shares plummeted 20% in extended trading. For Q1, earnings were $2.60 per share vs. $2.58 expected, revenue was $2.37 billion vs. $2.36 billion expected. Full-year earnings per share guidance was lowered to $14.58 to $14.78 from $14.95 to $15.15.

Retailers are adjusting forecasts due to Trump’s tariff uncertainty. Lululemon’s rivals, Gap and Nike, are anticipating impacts from tariffs. Lululemon reported net income of $314 million for Q1, with revenue increasing to $2.37 billion. Second-quarter revenue is expected to be $2.54 billion to $2.56 billion.

40% of Lululemon’s products were manufactured in Vietnam in 2024. Comparable sales for the quarter rose 1%, with a 2% decrease in the Americas and a 6% increase internationally. Gross margin was 58.3%, beating analyst expectations of 57.7%. LULU stock has dropped approximately 13% year-to-date.



Read more at CNBC:: Lululemon beats on Q1 2025 earnings, cuts outlook