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Article Date: December 2023
Word Count: 617

Lululemon Sees Sales Growth Slowing in Q4


A $72.1 million post-tax impact from impairment and other charges related to Lululemon Studio pulled third quarter net income down 3% to $248,714,000 from $255,470,000, as revenues surged 19% to $2,204,218,000 up from $1,856,889,000. Comp store sales increased 9%, while e-commerce revenues increased 18% to $908.1 million, leaving penetration flat at 41% of the total. Other revenue from wholesale, outlets, licensing and Studio, gained 19% to $222.1 million. North America grew by 12%, getting off to a good start with Back-to-School and picking up share overall in a contracting U.S. apparel ... Log in to view full article.

 


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