Positive first quarter for Lululemon
Athletic and yoga apparel brand Lululemon has reported revenues of $2.4 billion for the first quarter of its current business year, the period ending May 4, 2025. This is an increase of 7% year on year.
The Vancouver-based company is listed on the NASDAQ exchange and reports its results in US dollars.
Chief executive, Calvin McDonald, said customers had responded well to product innovations that Lululemon had delivered around the world during the three-month period.
The company said it expected this level of growth to continue for the rest of the financial year and for its full-year revenues to be just over $11 billion. But it lowered its estimate of net profit for the year, saying it expected “unknown impacts, including tariffs and macroeconomic trends” to affect the figures.
