Lululemon's quarterly profit beats on higher online and same-store sales [Reuters]
lululemon athletica inc. (LULU)
Last lululemon athletica inc. earnings: 3/26 04:05 pm
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Source: Reuters
Lululemon's quarterly profit beats on higher online and same-store sales | Reuters 3 Min Read (Reuters) - Canadian athletic apparel maker Lululemon Athletica ( LULU.O ) reported a third-quarter profit above analysts’ estimates, driven by a rise in its established store sales and higher online traffic. Total comparable sales, a key indicator for the athleisure company’s business, rose 17 percent, while analysts on average were expecting a rise of 13.7 percent. Lululemon, which popularized “athleisure wear” by turning pricey women’s yoga wear into mainstream fashion, has been investing in expanding its online presence and offering more menswear to lure customers in a highly competitive retail industry, dominated by the likes of Under Armour Inc ( UAA.N ), Nike ( NKE.N ) and Gap Inc ( GPS.N ). The company said traffic to its e-commerce website rose more than 35 percent in the quarter while its online business in China rose 76 percent. Lululemon has been expanding its online prese
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LULU
News
- Lululemon Athletica Inc. (NASDAQ: LULU) is now covered by analysts at BTIG Research. They set a "buy" rating and a $425.00 price target on the stock.MarketBeat
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- Canadian Regulators Open ‘Greenwashing' Inquiry Into Lululemon [Yahoo! Finance]Yahoo! Finance
- Competition Bureau launches inquiry into Lululemon over ‘greenwashing' allegations [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
LULU
Earnings
- 3/21/24 - Beat
LULU
Sec Filings
- 5/8/24 - Form 4
- 4/26/24 - Form SC
- 4/25/24 - Form DEFA14A
- LULU's page on the SEC website