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Article Date: March 2024
Word Count: 625

Lululemon Sees Slow Start to 2024 in U.S.

Profits soared in the final quarter to $669,468,000 from $119,811,000 in Q4, 2022, which included a huge goodwill writedown on the since-discontinued Mirror business, as sales grew by 16% to $3,205,103,000 from $2,771,838,000 and comps improved 12%. Americas revenue increased 9% to $2,611.7 million, comping up 7%, while international increased 54% (+56% CC). Mainland China grew 78% to $290.7 million and comped up 56% (+60% CC) and Rest of World increased 36% to $302.7 million and comped 32% higher (+31% CC). Brick-and-mortar sales increased 15%, with comps up 6%, while e-commerce ... Log in to view full article.


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