Lululemon Q2 sales up 2 percent, 'cautiously optimistic' for H2

Lululemon Athletica inc., for the second quarter ended August 2, 2020 reported net revenues of 902.9 million dollars, an increase of 2 percent, while on a constant dollar basis, net revenue increased 3 percent. The company said in a statement that company-operated stores net revenue was 287.2 million dollars, a decrease of 51 percent, while direct to consumer net revenue was 554.3 million dollars, an increase of 155 percent compared to the second quarter of fiscal 2019. On constant dollar basis, direct to consumer net revenue increased 157 percent.