Key Points
Lululemon reported third-quarter sales of $1.1 billion, up 22% from a year ago, beating analysts' estimates as shoppers frequented its stores and website to buy workout apparel.Lululemon Athletica store exterior, Ponce City Market.on Thursday reported sales of $1.1 billion, up 22% from a year ago and beating analysts' estimates, as shoppers frequented the retailer's stores and website to buy workout apparel during the period.
However, CFO Meghan Frank noted the company has planned for the holiday quarter "based on multiple performance scenarios," and he believes it to be "well positioned" for the holiday season.Here's how the retailer did during its fiscal third quarter, compared with what analysts were expecting, based on Refinitiv data:Revenue: $1.12 billion vs. $1.02 billion, expected
As of Thursday's market close, Lululemon shares are up more than 59% year to date. It has a market cap of $48.1 billion.
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