H1 growth for Lululemon, but US results disappoint
Yoga and exercise apparel brand Lululemon has reported revenues of just under $4.9 billion for the first half of its current business year, the six-month period ending August 3, 2025. Although based in Vancouver, Lululemon reports its results in US dollars.
This first-half figure represents an increase of 6.9% compared to the same period a year earlier. Nevertheless, chief executive, Calvin McDonald, said the company was “disappointed with our US business results and aspects of our product execution”.
He explained that there had been positive momentum in other markets, but that the US, the company’s biggest market, had been more difficult.
“We have closely assessed the drivers of our underperformance and are continuing to take the necessary actions to strengthen our merchandise mix and accelerate our business,” Mr McDonald said.
