Lululemon Surpasses $10 Billion Annual Revenue, Eyes Continued Growth

Lululemon Athletica reported strong financial results for fiscal year 2024, surpassing $10 billion in annual revenue for the first time, with a total of $10.58 billion, marking an 11% increase from the previous year. The company experienced significant growth in international markets, with a 36% rise in international revenue, while U.S. sales saw only a 4% increase. In the fourth quarter alone, net revenue increased by 14% to $3.61 billion, and comparable sales rose by 3%. Looking ahead, Lululemon anticipates net revenue for fiscal 2025 to be between $11.15 billion and $11.30 billion, reflecting a growth slowdown. The CEO emphasized the company's commitment to innovation and its 'Power of Three ×2' growth strategy, which aims to double net revenue by 2026. Despite the positive international performance, the company noted challenges in U.S. market sales, indicating broader economic uncertainties in the retail sector.