U.S. COMPANY FILING
lululemon athletica inc. — Form 10-Q filed 2025-09-04
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lululemon reported Q2 FY2025 net revenue of $2.53 billion, up 7% YoY, with net income of $370.9 million, down 5.6%. China Mainland and Rest of World drove growth, while Americas comparable sales declined. Gross margin contracted due to tariffs and markdowns. The company reversed $26.3 million in stock-based compensation due to performance condition probability changes.
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