Lululemon Athletica Inc (NASDAQ:LULU) released its first-quarter financial results, reporting revenues of $2.47 billion, which exceeded analyst expectations of $2.43 billion. However, the company's earnings per share of $1.69 fell short of the anticipated $1.70. While total revenue grew 4% year-over-year, the Americas segment saw a 3% decline, contrasted by a 22% increase in international revenue. The company’s comparable sales rose 1%, aided by international growth. Despite a solid cash position of approximately $1.5 billion, Lululemon is facing headwinds that prompted a revision of its financial outlook. For the second quarter, Lululemon expects revenues between $2.45 billion and $2.48 billion, significantly below the previous estimate of $2.60 billion. Additionally, the full-year revenue forecast has been lowered to $11 billion to $11.5 billion. Following the announcement, Lululemon's stock dropped 9.49% in after-hours trading, reflecting investor concerns about the company's future performance.