Best-ever first quarter for Lululemon
10/06/2010
The Vancouver-based company said it had achieved sales of $138.3 million in its first quarter, which ended on May 2. This figure represents growth of 69.3% on that of the corresponding period last year. Profits were reported striking results for the company's first quarter ended May 2, with numbers exceeding both analyst and company forecasts.
Net profit on this figure was $19.9 million, mor than triple the figure for last year's first quarter.
Reacting to the figures, chief executive, Christine Day, said: “This was our company’s best-ever first quarter as we were able to generate very strong same-store sales growth in both the US and Canada.”
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