Wednesday, March 28, 2018

Lululemon Surges the Most in 10 Months After Online Sales Boom

Image result for lululemonLululemon Athletica Inc.’s sales accelerated faster than expected last quarter, helped by booming e-commerce orders, sending the shares on their biggest rally in almost 10 months.

The yogawear maker posted comparable-sales growth of 11 percent when accounting for currency effects and direct-to-consumer channels. Quarterly revenue and profit beat estimates, easing concerns that a CEO shuffle will disrupt its performance.. . . more

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