Lululemon Athletica news and archive

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...

Business

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...

ManagementFeatured

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...

Report

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,...

ManagementFeatured

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...

ManagementFeatured

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...

ManagementFeatured

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...

Report

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...

ManagementFeatured

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...

Report

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...

Report

Lululemon to post Q4 revenue at low end of it 2.125 to 2.165 billion dollars range

Lululemon Athletica Inc. expects the company’s net revenue to be toward the low end of its range of 2.125 billion dollars to 2.165 billion dollars for the fourth quarter. It expects diluted earnings per share and adjusted diluted earnings per share to be toward the low end of its ranges of 3.24 dollars to 3.31 dollars and 3.25 dollars to 3.32...

Report

Lululemon names Michael Aragon as CEO of Mirror

Lululemon Athletica Inc. has announced the appointment of Michael Aragon as CEO of Mirror and Lululemon Digital Fitness, effective January 17, 2022. In this role, the company said, Aragon will oversee the development and expansion of the Mirror in-home digital platform, and will report directly to chief executive officer, Calvin McDonald. “Mike...