Popular athletic apparel brand Lululemon Athletica is seeing its share price crash today. As of this writing, the stock (Nasdaq: LULU) is down nearly 20% in early-morning trading. The company’s dramatic share price fall comes a day after it announced its first-quarter results for fiscal 2025, and issued a tariff-related warning about its profit forecasts. Here’s what you need to know.
Lululemon reports Q1 2025 results
Despite today’s stock price fall, Lululemon actually reported fairly positive results for its first quarter of fiscal 2025, which ended on May 4.
Announcing its results yesterday after the closing bell, Lululemon reported $2.37 billion in net revenue, an increase of 7% compared to the same quarter a year earlier. The company also announced a comparable sales increase of 1%