Lululemon Athletica continues to benefit from the activewear boom and prolonged emphasis on comfort as consumers work from home.
For the three-month period ended Jan. 31, total company revenues increased 24 percent to $1.7 billion, up from nearly $1.4 billion the same time last year. Net revenues rose 24 percent in North America and 47 percent internationally. Total comparable sales increased 21 percent during the quarter, year-over-year, while direct-to-consumer net revenues surged 94 percent during the same period.
“The trends that existed before the pandemic are only more important now and will only continue after the pandemic,” McDonald told analysts on Tuesday afternoon’s conference call. “People will always want to sweat and stay active.”
Activewear will continue to rise