Revenue growth slows at Lululemon
05/09/2016
In the quarter to July 31, sales growth was slightly slower than in the previous two quarters. Revenue at stores open at least a year was up 4%.
“The second quarter demonstrated strong results as we delivered sales and EPS at the high-end of our guidance and saw an important inflection in our gross margin and earnings performance,” said Laurent Potdevin, Lululemon CEO.
The company now expects revenue for the full 2016 fiscal year to be in the range of $2.325 billion to $2.350 billion.
Image courtesy of Lululemon.
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