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Lulu lemon4/27/2023 ![]() "We are still in the early innings of our growth, fueled by exciting innovations," CEO Calvin McDonald said in a statement. In North America, revenue grew 21%, while international sales rose 47%.ĭirect-to-consumer sales nearly doubled, and represented 52% of total sales in the quarter, compared with 33% of sales during the year-ago period, it said. Women's sales were up 19%, and men's grew 17% during the quarter, the company said. ![]() Its online sales surged 92%, as many consumers preferred staying put at home and shopping from the comfort of the sofa during the Covid pandemic. That topped expectations for $1.66 billion. Its revenue spiked roughly 24% to $1.73 billion from $1.4 billion a year earlier. Excluding one-time items, the company earned $2.58 per share, better than the $2.49 expected by analysts. Lululemon reported net income of $329.8 million, or $2.52 per share, compared with net income of $298 million, or $2.28 per share, a year earlier. Earnings per share: $2.58 adjusted vs.31 compared with what analysts were expecting, based on a poll by Refinitiv: Here's how Lululemon did during the quarter ended Jan. Lululemon cautioned that a potential resurgence of Covid cases could hurt its business, despite its forecast for revenue growth. The company's shares dropped more than 1% in after-hours trading, having risen more than 60% over the past 12 months. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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