Strong growth for Lululemon in first quarter
01/06/2018
During this period, its comparable stores sales grew 6%, while its direct to consumer revenue was 62% higher.
Stuart Haselden, Lululemon’s chief operating officer, said: "Our first quarter results reflect the ongoing strength of our business and our continued focus on product innovation, global growth, digital acceleration, and, most importantly, investing in our people. Our momentum remains strong and we are optimistic for 2018 and beyond."
Lululemon points out that its results for the first quarter did not include any costs related to the restructuring of its Ivivva Athletic business, which it announced in June 2017.
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