Lululemon Athletica Inc. reports its revenue soared by roughly 24 per cent in its most recent quarter.
The Vancouver-based maker of athletic and yoga wear says its revenue amounted to $1.7 billion in its fourth quarter, up from $1.3 billion the year prior.
The company recorded a net income of about $329 million for the period ended Jan. 31, up from $298 million in 2019.
OBJ360 (Sponsored)
![Chef Yannick Anton of the Cordon Bleu](https://assets.obj.ca/2024/06/Chef-Yannick_20240625_104056_0000-300x169.jpg)
Bringing France to Ottawa: Chef Yannick Anton recognized for contributions to the capital food scene
At the age of 14 in Nice, France, Yannick Anton was asked to choose a path for his career. After a few cooking classes in school, and seeing his grandfather
![](https://assets.obj.ca/2024/07/TEMPLATE_Techopia-Live_thumbnail-Jul-10-2024-2-300x169.jpg)
Techopia Live: How startups can leverage SR&ED to boost cash flow and accelerate growth
Are you a tech startup that is starving for cash? Or are you an established company that is doing innovative research? How would you like to receive tens of thousands
Lululemon’s diluted earnings per share reached $2.52, compared with $2.28 in the fourth quarter of 2019.
Analysts on average had expected Lululemon to report diluted earnings of $2.47 per share, according to Thomson Reuters Eikon.
While many retailers have struggled during the COVID-19 pandemic, Lululemon’s sales have remained strong as people working from home purchase more comfortable attire.