lululemon athletica inc. has completed its equity buyback plan, repurchasing 7.6 million shares, or 6.15% of outstanding shares, for $2.2 billion from December 2023 to August 2025. The company has repurchased an additional 1.5 million shares, or 1.27% of outstanding shares, for $349.05 million from May to August 2025.
Lululemon Athletica Inc. (NASDAQ: LULU) has completed its equity buyback plan, repurchasing a total of 9.1 million shares, or 7.6% of outstanding shares, for $2.549 billion from December 2023 to August 2025. The company repurchased an additional 1.5 million shares, or 1.27% of outstanding shares, for $349.05 million from May to August 2025 [1].
The buyback program was initiated to reduce the company's share count and enhance shareholder value. The total repurchased shares represent approximately 6.15% of the outstanding shares, with the additional repurchases in the second quarter of 2025 accounting for 1.27% of the outstanding shares.
In the second quarter of fiscal 2025, Lululemon reported net revenue of $2.5 billion, an increase of 7% year-over-year. Comparable sales increased by 1%, driven by a 22% increase in international net revenue. The company also reported a diluted earnings per share (EPS) of $3.10 for the quarter, down from $3.15 in the same period last year [1].
Despite the positive financial performance, the company's U.S. business results were disappointing, leading to a decrease in comparable sales in the Americas. The company has taken steps to strengthen its merchandise mix and accelerate its business growth.
Lululemon's balance sheet remains strong, with $1.2 billion in cash and cash equivalents at the end of the second quarter. The company expects net revenue to grow by 3% to 4% in the third quarter of 2025 and by 2% to 4% for the full year, excluding the 53rd week of 2024 [1].
References:
[1] https://www.stocktitan.net/news/LULU/lululemon-athletica-inc-announces-second-quarter-fiscal-2025-n3iqm3uqxmxc.html
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