Lululemon reported a 7% YoY increase in net revenue to $2.4 billion for the first quarter of fiscal 2025. Net income reached $315 million, with a gross margin of 58.3%. Revenue in the Americas grew 3%, while international markets saw a stronger 19% increase. Notably, revenue from mainland China surged 21% compared to the same period last year. CEO Calvin McDonald highlighted product innovation as the key to the brand’s success across global markets, citing growth potential in yoga, running, training, golf, and tennis. For the full fiscal year, the company expects net revenue between $11.15 billion and $11.3 billion, representing a 5% to 7% increase.