Thursday, December 7, 2017

Lululemon strong in Q3; upbeat about holiday

Some other players in the sports and athleisure market may be having a rough time of it these days, but Lululemon Athletica Inc. is not one of them.

The maker of yoga wear and other specialty apparel raised its forecast for the year after easily topping analysts’ estimates for the third quarter, fueled by strong digital growth. Lululemon’s net revenue increased 14% to $619.0 million in the quarter ended Oct. 29.

Total same-store sales increased 8%, Comp sales surged 26% in the direct channel and 2% in stores.
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