Lululemon Athletica news and archive

Lululemon reports strong Q2, expects to double revenues by 2026

Lululemon Athletica Inc. net revenue increased 18 percent or 20 percent on a constant dollar basis to 2.2 billion dollars. The company's Power of Three ×2 growth plan calls for a doubling of the business from 2021 net revenue of 6.25 billion dollars to 12.5 billion dollars by 2026. The company said in a statement that key pillars of the plan are...

Fashion Featured

Lululemon's Q4 sales jump, aims to double revenues by 2026

Lululemon Athletica Inc. reported fourth quarter net revenue increased 30 percent to 2.8 billion dollars or increased 33 percent on a constant dollar basis. For fiscal 2022, the company’s net revenue increased 30 percent to 8.1 billion dollars or increased 32 percent on a constant dollar basis. The company said in a statement that its Power of...

Business

Lululemon to enter the Spanish market with two stores and dedicated ecommerce platform

Lululemon Athletica Inc. plans to open two new stores and a local ecommerce site in Spain. With the company’s "Power of Three x 2” growth plan, which includes quadrupling of its international revenue from 2021 levels by year-end 2026, Lululemon enters Spain as the first new market in Europe since 2019. Beginning with the launch of Lululemon.es...

BusinessFeatured

Lululemon Athletica aims to double revenues to 12.5 billion dollars by 2026

Lululemon Athletica Inc. has announced its new Power of Three ×2 growth strategy. As part of this plan, the company plans to double its 2021 revenue of 6.25 billion dollars to 12.5 billion dollars by 2026. “The success of our Power of Three formula in delivering on our 2023 growth strategy supports our goal to double the business over the next...

Business

Lululemon appoints Alison Loehnis to its board of directors

Lululemon Athletica Inc. has appointed Alison Loehnis, president of luxury and fashion at Yoox Net-a-Porter to serve on its board of directors, effective immediately. “Alison Loehnis is a dynamic leader with a remarkable track record of consistently driving growth through her knowledge of consumer and product trends. We look forward to...

Business

Lululemon to post Q4 revenue at low end of it 2.125 to 2.165 billion dollars range

Lululemon Athletica Inc. expects the company’s net revenue to be toward the low end of its range of 2.125 billion dollars to 2.165 billion dollars for the fourth quarter. It expects diluted earnings per share and adjusted diluted earnings per share to be toward the low end of its ranges of 3.24 dollars to 3.31 dollars and 3.25 dollars to 3.32...

Business

Lululemon names Michael Aragon as CEO of Mirror

Lululemon Athletica Inc. has announced the appointment of Michael Aragon as CEO of Mirror and Lululemon Digital Fitness, effective January 17, 2022. In this role, the company said, Aragon will oversee the development and expansion of the Mirror in-home digital platform, and will report directly to chief executive officer, Calvin McDonald. “Mike...

BusinessFeatured

Lululemon Athletica: Q3 revenues up 30 percent

For the third quarter, Lululemon Athletica Inc. reported a net revenue increase of 30 percent to 1.5 billion dollars, while on a constant dollar basis, net revenue increased 28 percent. The company said in a statement that net revenue increased 28 percent in North America and 40 percent internationally. Total comparable sales increased 27...

BusinessFeatured

Lululemon Athletica results trounce street view, lifts FY outlook; shares jump 10 percent

WASHINGTON - Shares of Lululemon Athletica Inc. (LULU) jumped over 10 percent in extended trading session on Wednesday after the company reported a second-quarter profit that surged from a year ago, driven largely by strong revenues. Both earnings and revenues for the three-month period trumped Wall Street estimates. Moving ahead, the yoga...

BusinessFeatured

Lululemon Athletica reports 88 percent jump in Q1 sales

For the first quarter of 2021, net revenue at Lululemon Athletica increased 88 percent to 1.2 billion dollars, while on a constant dollar basis, net revenue increased 83 percent. Commenting on the first quarter trading, Calvin McDonald, company’s chief executive officer, stated: “Our first quarter results reflected strength across all drivers of...

BusinessFeatured

Lululemon Athletica reports rise in Q4 sales and earnings

For the fourth quarter of 2020, net revenue at Lululemon Athletica increased 24 percent to 1.7 billion dollars, while on a constant dollar basis, net revenue increased 22 percent. The company’s net revenue increased 21 percent in North America and increased 47 percent internationally. Total comparable sales increased 21 percent or increased 20...

Business

Lululemon expects Q4 revenues and earnings at high end of outlook

Lululemon Athletica Inc. now expects revenue and earnings to be at the high end of its prior range of expectations for the fourth quarter of fiscal 2020 ending January 31, 2021. Commenting on the updated outlook, Calvin McDonald, the company’s Chief Executive Officer, said in a statement: “We’re pleased with the momentum over the holiday period...