Lululemon ‘on track’ with second-quarter sales rise
Yogawear brand Lululemon has said revenue for the second quarter of the year increased 13% to $390.7 million compared with the same period last year.
Profit rose 6% to $197.3 million.
Revenue for the first two quarters increased 12% to $775.3 million while profit grew 10% to $393.1 million.
Laurent Potdevin, CEO, of the Candian company, said: "We are pleased to be on track with the implementation of our strategic road map, and are starting to see the results of our work across product, brand and international expansion.
"While there is still much to be done, we are making meaningful progress on building a scalable foundation for our next phase of global growth, and I'm excited about the collaboration between our Whitespace team and ambassadors to accelerate innovation into the future."
