Quarterly ResultJun 4, 2026, 04:16 PM
Lululemon Q1 Revenue $2.47B; Net Income $195M
AI Summary
Lululemon Athletica Inc. reported its first-quarter results, with net revenue increasing to $2.47 billion from $2.37 billion year-over-year. However, net income saw a significant decrease to $195.0 million, or $1.69 per diluted share, compared to $314.6 million, or $2.60 per diluted share, in the same period last year. The company also saw a decrease in cash and cash equivalents and continued its share repurchase program.
Key Highlights
- Net revenue for the quarter ended May 3, 2026, was $2.47 billion, an increase from $2.37 billion in the prior year period.
- Net income decreased to $195.0 million ($1.69 per diluted share) from $314.6 million ($2.60 per diluted share) in the prior year period.
- Inventories decreased to $1.69 billion from $1.70 billion year-over-year.
- Cash and cash equivalents stood at $1.51 billion as of May 3, 2026, down from $1.81 billion at the end of the previous quarter.
- The company repurchased $361.8 million of common stock in the quarter ended May 3, 2026.
- Americas segment generated $1.62 billion in net revenue, while China Mainland generated $478.4 million.
- Women's apparel revenue was $1.60 billion, and men's apparel revenue was $581.9 million for the quarter.
Price Impact
More from LULU