Lululemon Reports Strong Q1, Raises Full-Year Guidance

The activewear retailer sees growth in international markets and plans to expand its men's and e-commerce segments.

Lululemon's Q1 revenue increased by 10%, reaching $2.21 billion, beating Wall Street estimates.
Net income rose to $321 million, with earnings per share of $2.54 surpassing expectations.
The company authorized a $1 billion increase to its stock buyback program, reflecting confidence in future growth.
Challenges persist in the U.S. market, but improvements in product assortment and inventory are expected in the second half of the year.
International sales, particularly in China, showed significant growth, helping to offset slower performance in North America.