• Loading stock data...
Monday, June 23, 2025

Lululemon Sales Up 24%, Beats Expectations With Strong Quarter

  • Revenue for the period was $2 billion, outpacing expectations.
  • Strong growth in China helped the brand to a successful quarter.
Lululemon

Lululemon hit $2 billion in revenue in its fiscal first quarter, helping the Vancouver-based athleisure brand beat Wall Street expectations — and even its own lofty predictions.

Sales rose by 24% over the previous period, buoyed by a 79% spike in revenue in China. The brand will keep capitalizing on growth there, as the majority of the 30-35 new stores it plans to open will be located there. 

Full-year revenue is now expected to potentially reach $9.51 billion, an increase from previous predictions of as low as $9.31 billion. Lululemon stock is up over 10% since the earnings report.

There was no update on the state of Mirror, the at-home fitness equipment company Lululemon bought in 2020 for $500 million but is now considering selling.

The positive news for Lululemon builds on a strong run for the brand. In 2022, the company’s net revenue rose 30% to $8.1 billion, and the strong start to 2023 “shows the continued momentum in the business,” according to Lululemon CEO Calvin McDonald. 

On the earnings call, McDonald highlighted the “top- and bottom-line results that exceeded our guidance.”

Lululemon’s success is impressive as competitors in the athletic apparel space continue to see mixed results. Nike posted a strong report in its most recent earnings period, while Adidas saw a slight dip.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

How Mark Walter’s Dodgers Playbook Could Rewrite Lakers’ Future

The owner’s tenure with the MLB club has been lined with success.

Hockey’s Best Player Enters Contract Year Noncommittal About Future

The superstar becomes a free agent next year absent a contract extension.

Rays on Verge of $1.7B Sale Following Stadium Deal Collapse

The team’s owner walked away from a stadium deal just months ago.

Featured Today

Mar 15, 2025; Fort Worth, TX, USA; UAB Blazers forward Yaxel Lendeborg (3) dribbles the ball upcourt against the North Texas Mean Green during the first half at Dickies Arena

NIL Is Shrinking the Pool of NBA Draft Entrants

Agents are now advising many players to stay in school.
Apr 24, 2025; Green Bay, WI, USA; Penn State Nittany Lions defensive end Abdul Carter on the red carpet before the 2025 NFL Draft at Lambeau Field
June 21, 2025

‘More Is More’: The Elite Luxury Jewelers Decking Out Athletes

Meet the elite group of luxury designers crafting the biggest statement pieces.
Dec 5, 2024; Miami, FL, USA; FIFA president Gianni Infantino presents the FIFA Club World Cup trophy during the Club Word Cup draw at Telemundo Studios.
June 15, 2025

Revamped Club World Cup Is FIFA’s Billion-Dollar Gamble

The revamped soccer event debuts amid controversy.
Jun 10, 2025; Nashville, Tennessee, USA; United States head coach Mauricio Pochettino stands during the anthem against the Switzerland during the first at Geodis Park
June 14, 2025

Gold Cup Is Complicated for USMNT—but U.S. Soccer Has Its Eyes on..

Uncertain tournament success isn’t fazing forward-looking U.S. soccer.

New York First: Yankees and MSG Go All In on Live Sports Streaming Pact

The YES Network and MSG Networks will offer their content in a combined streaming app.
man_tying_shoe
August 5, 2021

Adidas Revenue Up 51% in Q2

Quarterly revenue was up 51% year-over-year to $6 billion and now the company’s full-year outlook has been raised.
April 19, 2024

Nike Cuts Over 700 Jobs In Second Phase of Layoffs

“Nike’s always at our best when we’re on the offense,” the company says.
Sponsored

Game On: Portfolio Players Stories, Brought to You by E*TRADE from Morgan Stanley

Ted Leonsis unpacks basketball’s global rise, media rights, and portfolio ownership.
cartoons_of_former_rising_25_winners
May 13, 2020

Rising 25 Class of 2020

Established in 2017, the Front Office Sports Rising 25 Award has become one of the most competitive and prestigious awards in sports business.
fos_logo
December 29, 2019

Year in Review: 2019

As we head into both a new year and a new decade, we wanted to take a moment to reflect on this past year and set the tone for what’s to come in 2020.
2019_best_employers_in_sports_logo
November 19, 2019

The 2019 Best Employers in Sports

The Front Office Sports Best Employers in Sports Award recognizes the organizations that are doing the best by their employees.
four_cartoon_people
October 4, 2019

Front Office Sports Adds Four More to Team

Front Office Sports is proud to formally announce the addition of four talented team members. FOS now boasts a full-time staff of nine employees.