lululemon Delivers 2025 Revenue Growth, Highlights International Uptick
lululemon reported Q4 2025 net revenue of $3.64B and full-year revenue of $11.10B, with Q4 diluted EPS of $5.01 and full-year EPS of $13.26. International sales drove growth (+17% in Q4, +22% for the year) while Americas was modest or down. Gross margin and operating margin declined, and the company repurchased $269.1M in shares in Q4 and $1.2B for the full year, ending 2025 with $1.81B in cash and $1.70B in inventory. For 2026, lululemon guides net revenue of $11.35B–$11.50B and EPS of $12.10–$12.30, with ongoing emphasis on growth in international markets and improving full-price sales.
