Lululemon's Q3 sales and earnings increase

Lululemon Athletica Inc., for the third quarter of fiscal 2020, reported net revenue increase of 22 percent to 1.1 billion dollars, while on a constant dollar basis, net revenue increased 21 percent. The company said, net revenue increased 19 percent in North America, and increased 45 percent internationally, while total comparable sales increased 19 percent or increased 18 percent on a constant dollar basis. The company added that diluted earnings per share were 1.10 dollars compared to 96 cents in the third quarter of fiscal 2019, while adjusted diluted earnings per share were 1.16 dollars for the third quarter of fiscal 2020.