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Article Date: June 2019
Word Count: 557

Lululemon Sales Soar on Strong Comps in Q1


Net income rose 29% to $96,603,000 from $75,153,000 for the first quarter ended May 5 as sales improved 20% to $782,315,000 from $649,706,000 that included a comp store gain of 17% constant currency with store comps up 7% and digital sales leaping 33% to 26.8% of the total ($211 mm) compared to 24.3% prior ($158 mm). While it has seen some gains in conversion in North American digital sales, the comp store gains are largely being driven by traffic, which certainly runs counter to most of apparel retailing these days. The results modestly exceeded expectations and the stock rose 3% ... Log in to view full article.

 


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