Lululemon hopes to break $2bn this year

09/06/2015
Lululemon hopes to break $2bn this year
Canadian yoga brand Lululemon says it has been “striking a strategic balance” between growth and investments with an eye on breaking the $2 billion revenue mark this year.

Sales for the first quarter rose 10% to $423.5 million while profit grew 5% to $205.9 million.

CEO Laurent Potdevin said the figures were higher than expected. "We drove positive trends in traffic, conversion and brand engagement, along with a continued acceleration of our e-commerce business."