Lululemon reports one of ‘strongest years yet’ - sportstextiles: Lea SportsTextiles

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Lululemon reports one of ‘strongest years yet’

28/03/2019
Canadian yogawear brand Lululemon has reported one of its “strongest years yet”, with revenues up nearly a quarter to $3.3 billion.

For the fiscal year ended February 3, 2019, comparable sales increased 18%, and profit was $1.8 billion, an increase of 30%.

CEO Calvin McDonald said: "Lululemon has delivered one of its strongest years yet, a result of broad-based strength across the business. I'm thrilled that we achieved several of our 2020 goals ahead of schedule.”


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