Lululemon Athletica Inc (NASDAQ:LULU) reported financial results for the first quarter after the market close on Thursday. Here’s a rundown of the athletic apparel company’s report.

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Lululemon Q1 Earnings Highlights

Lululemon reported first-quarter revenue of $2.47 billion, beating the consensus estimate of $2.43 billion, according to Benzinga Pro. The company posted first-quarter earnings of $1.69 per share, narrowly missing estimates of $1.70 per share.

Total revenue was up 4% on a year-over-year basis as Americas net revenue decreased 3% and international revenue climbed 22%. Total comparable sales increased 1% year-over-year, boosted by international growth.

Inventories were up 2% year-over-year to $1.7 billion. Lululemon’s total store count was 816 at quarter’s end after opening five new company-operated stores during the quarter.

Lululemon ...