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Article Date: June 2017
Word Count: 689

Lululemon Sees Recovery in Q1 After Slow Start, Restructures Ivivva


Net income fell 31% to $31,246,000 compared to $45,336,000 on a 5% sales increase to $520,307,000 against $495,516,000 for the quarter ended Apr. 30 that included a 1% comp store decline. LULU had guided to a weak Q1 based mostly on some merchandise misses early in Q1 but saw its efforts to accelerate the business improve as the quarter developed and hold that momentum into Q2 so far. LULU’s 411 vs. 373 stores had sales of $379.1 million against $358.7 million last year while digital sales were flat at $379.1 and Other sales from showrooms and other sources rose to ... Log in to view full article.

 


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