Lululemon Q1 Results: Profit Outlook Up, Sales Guidance Steady

lululemon athletica inc. reported a 10% increase in revenue to $2.2 billion for Q1 fiscal 2024, with strong international growth and a 6% rise in comparable sales. The company also announced a $1.0 billion increase in its stock repurchase program. CEO Calvin McDonald highlighted the brand's global resonance and product innovation, while CFO Meghan Frank emphasized strategic investments and the company's growth strategy. The board approved a $1.0 billion increase in the stock repurchase program, leaving $1.7 billion authorized for future repurchases.