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)
Casey Court: Richcraft Rentals’ new community in Trailsedge, Orleans
Nestled in the heart of Trailsedge, Orleans, Casey Court emerges as the latest addition to Richcraft’s diverse portfolio of rental communities.
Casey Court: Richcraft Rentals’ new community in Trailsedge, Orleans
Nestled in the heart of Trailsedge, Orleans, Casey Court emerges as the latest addition to Richcraft’s diverse portfolio of rental communities.
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.
