Growth of 20% shows ‘ongoing strength’ of Lululemon
Athletic apparel company Lululemon has reported revenues of $4.2 billion for the first half of its current business year, the six months ending July 30, 2023.
This figure represents an increase of more than 20% compared to the same period a year ago.
Commenting on the results, chief executive, Calvin McDonald, spoke of the ongoing strength of the brand and added: “Our continued ability to gain market share and bring new customers into the brand illustrates the significant runway ahead for Lululemon.”
Lululemon is based in Vancouver, but reports its financial results in US dollars.