Tuesday, September 4, 2018

Lululemon profits jump in Q2, boosts outlook—again

Chain Store Age
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

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