Lululemon released its financial report for the first quarter of fiscal year 2024, showing a 10% YoY sales increase to $2.21 billion with international revenue up 35% and Chinese market revenue up 45%. The company projects second-quarter revenue growth of 9% to 10%, reaching $2.4 billion to $2.42 billion, and full-year growth of 11% to 12%, reaching $10.7 billion to $10.8 billion. CEO Calvin McDonald highlighted strong first-quarter momentum, exceptional performance in China, and significant growth potential in store expansion and digital business. The brand plans to introduce new women’s leggings and expand its men’s athletic shorts series. Following the report, Lululemon’s stock price rose 4.79% to $323, with a market value of approximately $40.4 billion.