Athletic attire firm Lululemon Athletica (NASDAQ: LULU) has reported combined outcomes for the third quarter of fiscal 2025 — revenues elevated 7% year-over-year, however earnings declined.
- Third-quarter web income elevated 7% from final yr to $2.6 billion; Americas gross sales decreased 2%, whereas worldwide gross sales jumped 33%
- Comparable gross sales elevated 1%, or 2% on a relentless greenback foundation, within the third quarter
- Americas’ comparable gross sales decreased 5%, whereas worldwide comparable gross sales elevated 18% throughout the three months
- Q3 gross revenue elevated 2% to $1.4 billion, whereas gross margin decreased 290 foundation factors to 55.6%
- Internet earnings declined to $306.8 million or $2.59 per share in Q3 from $351.9 million or $2.87 per share final yr
- Throughout the quarter, the corporate repurchased 1.0 million shares of its widespread inventory for $189.0 million
- Lululemon’s board of administrators accepted a $1.0 billion enhance to the inventory repurchase program
- For the fourth quarter, the administration expects web income to be within the vary of $3.500 billion to $3.585 billion
- Fourth-quarter earnings per share are anticipated to be within the vary of $4.66 to $4.76
- For FY25, the corporate expects income to be within the vary of $10.962 billion to $11.047 billion, and EPS within the $12.92-13.02 vary
