Lululemon Athletica news and archive

Lululemon: Strong Q4 growth, but US headwinds temper outlook

Yoga wear brand Lululemon reported a strong fourth-quarter revenue surge, fuelled by international expansion and omni-channel performance, yet its forward-looking projections signalled caution amidst potential macroeconomic headwinds, particularly in the US. Fourth-quarter revenue in fiscal year 2024, climbed 16 percent to 3.2 billion dollars,...

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Lululemon raises Q4 outlook on strong holiday trading

For the fourth quarter, Lululemon Athletica now expects net revenue will be in the range of 3.560 billion dollars to 3.580 billion dollars, representing growth of 11 percent to 12 percent or 6 percent to 7 percent excluding the 53rd week of 2024. The company previously expected revenue to be in the range of 3.475 billion dollars to 3.510 billion...

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Lululemon misses Q2 sales estimate, cuts full year guidance

Lululemon Athletica’s second quarter net revenue increased 7 percent to 2.37 billion dollars, or increased 8 percent on a constant dollar basis but missed the Wall Street expectations. According to the CNBC report, based on a survey by LSEG, analysts anticipated sales to reach 2.41 billion dollars. Lowering its forecasts for 2024, the company...

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Lululemon accused of greenwashing in class action lawsuit

Lululemon Athletica Inc. is accused of deploying misleading greenwashing tactics to make consumers think that it's more sustainable and environmentally friendly than it really is. According to a class action lawsuit filed in the US District Court of the Southern District of Florida last Friday, the Canadian athleisure brand has been taking...

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International markets drive Lululemon's Q1 results

For the first quarter, Lululemon Athletica reported a net revenue increase of 10 percent or 11 percent in constant dollars to 2.2 billion dollars. Comparable sales for the quarter increased 6 percent or 7 percent on a constant dollar basis. The company's Power of Three ×2 growth plan calls for a doubling of the business from 2021 net revenue of...

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Lululemon announces the departure of chief product officer

Lululemon Athletica has announced that the company plans to implement an updated and more integrated organisational structure, in conjunction with the departure of Sun Choe, chief product officer. The company said in a release that the strategic organisational changes are intended to support the company’s near and long-term growth plans,...

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Lululemon posts Q3 revenue growth of 19 percent

Lululemon Athletica reported a third quarter revenue increase of 19 percent to 2.2 billion dollars with net revenue increase of 12 percent in North America and 49 percent internationally. Comparable sales for the quarter increased 13 percent or 14 percent on a constant dollar basis and comparable store sales increased 9 percent. Commenting on...

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Lululemon reports strong Q2, expects to double revenues by 2026

Lululemon Athletica Inc. net revenue increased 18 percent or 20 percent on a constant dollar basis to 2.2 billion dollars. The company's Power of Three ×2 growth plan calls for a doubling of the business from 2021 net revenue of 6.25 billion dollars to 12.5 billion dollars by 2026. The company said in a statement that key pillars of the plan are...

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Lululemon's Q4 sales jump, aims to double revenues by 2026

Lululemon Athletica Inc. reported fourth quarter net revenue increased 30 percent to 2.8 billion dollars or increased 33 percent on a constant dollar basis. For fiscal 2022, the company’s net revenue increased 30 percent to 8.1 billion dollars or increased 32 percent on a constant dollar basis. The company said in a statement that its Power of...

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Lululemon to enter the Spanish market with two stores and dedicated ecommerce platform

Lululemon Athletica Inc. plans to open two new stores and a local ecommerce site in Spain. With the company’s "Power of Three x 2” growth plan, which includes quadrupling of its international revenue from 2021 levels by year-end 2026, Lululemon enters Spain as the first new market in Europe since 2019. Beginning with the launch of Lululemon.es...

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Lululemon Athletica aims to double revenues to 12.5 billion dollars by 2026

Lululemon Athletica Inc. has announced its new Power of Three ×2 growth strategy. As part of this plan, the company plans to double its 2021 revenue of 6.25 billion dollars to 12.5 billion dollars by 2026. “The success of our Power of Three formula in delivering on our 2023 growth strategy supports our goal to double the business over the next...

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Lululemon appoints Alison Loehnis to its board of directors

Lululemon Athletica Inc. has appointed Alison Loehnis, president of luxury and fashion at Yoox Net-a-Porter to serve on its board of directors, effective immediately. “Alison Loehnis is a dynamic leader with a remarkable track record of consistently driving growth through her knowledge of consumer and product trends. We look forward to...