On August 29, Lululemon reported its Q2 2024 results. Revenue rose 7% YoY to $2.4 billion, below expectations, while net income increased 15% to $393 million. Diluted EPS of $3.15 was up 17.5% YoY, surpassing forecasts. Gross margin improved to 59.6%. After-hours stock price jumped over 4%. In China, revenue grew 34% and comparable sales were up 26%. Growth in the American market slowed, with management noting a slowdown in women's wear due to fewer new styles. The company now expects full-year revenue between $10.375 billion and $10.475 billion and EPS between $13.95 and $14.15, focusing on short-term priorities and strategic long-term investments.