Overview

• Lululemon's Q1 revenue increased by 10%, reaching $2.21 billion, beating Wall Street estimates.
• Net income rose to $321 million, with earnings per share of $2.54 surpassing expectations.
• The company authorized a $1 billion increase to its stock buyback program, reflecting confidence in future growth.
• Challenges persist in the U.S. market, but improvements in product assortment and inventory are expected in the second half of the year.
• International sales, particularly in China, showed significant growth, helping to offset slower performance in North America.