Lululemon on Tuesday offered an upbeat outlook for sales during the current quarter and for the year, anticipating consumer demand for its sweat-wicking leggings and sports bras will continue.
It also offered an upbeat outlook for sales during the current quarter and the year, anticipating consumer demand for its sweat-wicking leggings and sports bras will continue.Here's how Lululemon did during the quarter ended Jan. 31 compared with what analysts were expecting, based on a poll by Refinitiv:Revenue: $1.73 billion vs. $1.66 billion expected
Its revenue spiked roughly 24% to $1.73 billion from $1.4 billion a year earlier. That topped expectations for $1.66 billion. "We are still in the early innings of our growth, fueled by exciting innovations," CEO Calvin McDonald said in a statement.
Everyone needs sweats since we are working from home and they stretch to expand to our larger 'remote working' waists. This was to be expected.
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