VANCOUVER — Lululemon Athletica Inc. reported net income of US$370.9 million during its second quarter, down from US$392.9 million a year earlier.
The profit amounted to earnings per diluted share of US$3.10 compared with US$3.15 during the same period last year.
Net revenue for the quarter reached US$2.53 billion, rising roughly seven per cent year-over-year from US$2.37 billion.
Lululemon says its comparable sales rose one per cent during the quarter.
CEO Calvin McDonald says in a press release that the company was disappointed with its U.S. business results.
The Vancouver-based clothing retailer also says it repurchased 1.1 million of its shares at a cost of US$278.5 million.
This report by The Canadian Press was first published Sept. 4, 2025.
The Canadian Press
