Lululemon Stock Surges on Strong International Growth and Upbeat Outlook

Lululemon's stock rose by 8% after the company reported a 9% increase in sales, driven by strong international growth that offset slowing U.S. sales. The athletic apparel retailer exceeded Wall Street's expectations for both earnings and revenue in its fiscal third quarter, with earnings per share at $2.87 and revenue at $2.40 billion. Despite challenges in the U.S. market and increased competition, Lululemon's international sales surged by 25%, contributing to overall growth. The company also announced a $1 billion increase in its stock repurchase program to maintain investor confidence.