Lululemon posts revenue increase of more than 20 - sportstextiles: Lea SportsTextiles

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Lululemon posts revenue increase of more than 20%

10/12/2018
Lululemon posts revenue increase of more than 20%
Athletic apparel company Lululemon has announced revenues of $747.7 million for the third quarter of the year. This represents an increase of 21% compared to the third quarter of fiscal 2017. Income from operations was $135.9 million, an increase of 59% compared to the same quarter last year.

On presenting the figures, chief executive, Calvin McDonald, commented: “Lululemon has achieved a high level of success over the past year and has established a solid foundation to continue to build our future.” He said customers had responded strongly to the brand’s product offerings and to the “improved digital experience” it has given them.

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