Lululemon’s surging online growth, as well as increasing sales across China contributed to strong second-quarter earnings that topped analysts’ expectations.
Revenue rose 25% to $723.5 million, an increase of 25% compared to $581 million a year ago.
Same-store sales were up 20%, surpassing analysts forecasts of 9.6% growth. This also included a 48% jump for Lululemon’s direct-to-consumer revenue. . . . more