Lululemon Athletica Inc. news and archive

Following profit decline in first quarter: Lululemon lowers earnings forecast

Canadian sportswear retailer Lululemon Athletica Inc. recorded solid revenue growth in the first quarter of the 2025/26 financial year, but saw a slight decline in profits. Overall, the results, which the Vancouver-based yoga apparel specialist published on Thursday evening, came as little surprise: they were largely in line with analysts’...

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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...

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Business

Lululemon to raise minimum base pay for many store and GEC employees in North America

Ottowa - Lululemon Athletica Inc. (LULU) announced Thursday its plan to raise the minimum base pay for the majority of its store and Guest Education Centre or GEC employees in North America, with effect from September 27. As part of the additional investments, people who are currently employed, and individuals who are hired from this point...

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Report

Lululemon Q3 revenues rise 21 percent

Canadian athletic apparel maker Lululemon said on Thursday its Q3 revenue for 2018 increased by 21 percent or 22 percent on constant currency basis, while total comparable sales rose 17 percent or 18 percent on constant dollar basis. Net income increased by 59.3 percent from the same period last year. Diluted earnings per share were 71 cents...

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Management

Lululemon Q2 revenues increase 25 percent

Canadian athletic apparel maker Lululemon said on Thursday its Q2 revenue for 2018 rose by 25 percent, while comparable sales for the period increased by 20 percent or 19 percent on constant dollar basis. Net income increased by 95.9 percent from the same period last year. The company’s sales in Q2 2018 were 724 million US dollars, up from 581...