Lululemon Athletica news and archive

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...

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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...

Business

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...

Business

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...

Business

Lululemon CFO Patrick Guido steps down

Lululemon Athletica Inc. has announced that Patrick (“PJ”) Guido, chief financial officer, will depart the company, effective May 8, 2020, in order to assume a leadership position outside of the apparel industry. Guido joined Lululemon in 2018. “We would like to thank PJ for his dedication and many contributions to Lululemon. Over the past two...

Business

Lululemon to continue paying its employees amid temporary store closures

Lululemon Athletica Inc. has undertaken a range of actions and initiatives to support its employees as COVID-19 continues to impact the business. Understanding the pandemic may continue for the foreseeable future, the company said in a statement, stores in North America, Europe, Malaysia, Australia, and New Zealand will remain closed until they...

Business

Lululemon closes North America and Europe stores for 11 days

Lululemon has provided an update on its global store operations in response to the continued spread of COVID-19. The company said in a statement, in light of the rapidly changing developments, Lululemon announced the closure of all stores in North America and Europe, from March 16 through March 27. “We are living in uncertain times and we’re...

People

Lululemon COO Stuart Haselden steps down

Lululemon Athletica Inc. has announced that Stuart Haselden, Chief Operating Officer and EVP, International, will leave the company, effective January 10, 2020, in order to assume a leadership position outside of the apparel industry. The company said in a statement that Chief Technology Officer, Julie Averill and Chief Supply Chain Officer, Ted...

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Lululemon posts strong revenue growth in Q2

Lululemon Athletica Inc., for the second quarter ended August 4, 2019 reported net revenue of 883.4 million dollars, an increase of 22 percent compared to the second quarter of fiscal 2018. On a constant dollar basis, the company said, net revenue increased 23 percent. Total comparable sales increased 15 percent or 17 percent on a constant...

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Lululemon announces "Power of Three" strategy to drive growth

Building upon a year of growth in 2018, Lululemon Athletica has announced a growth strategy for the next five years. Along with a plan to double men’s and digital revenues and quadruple international revenues, other key financial drivers of the company’s “Power of Three” strategic plan include total annual revenue growth in the low teens for the...

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Lululemon posts strong full year results

Lululemon Athletica Inc., for its fourth quarter ended February 3, 2019, reported net revenue of 1.2 billion dollars, an increase of 26 percent, while on a constant dollar basis, net revenue increased 27 percent. For the full fiscal year, net revenue was 3.3 billion dollars, an increase of 24 percent. The company said, on a constant dollar...