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Lululemon has reported a strong start to the fiscal year, surpassing expectations and providing an upbeat full-year outlook. The company credited improvements in China and lower air freight costs for its better-than-expected financial performance.
Lululemon reported strong sales for the 2022 holiday quarter. Wealthy shoppers are still buying their expensive athleisure products, despite rising prices for essential goods. Lululemon's shares rose about 16% following the report.
Lululemon reported another strong set of earnings last week, thanks to a 30% increase in in-store traffic, and a 40% increase in direct-to-consumer business. The athleisure company is also very positive about future sales because people higher up on the LSM rankings tend to be less affected by consumer price gyrations.
Lululemon Athletica just posted strong earnings for the first-quarter of 2022, thanks to double-digit growth in its direct-to-consumer business and good sales in its men's division. The athleisure company is also very positive on future sales since the rich people who buy their stuff don't seem to be affected by inflation.
Lululemon posted strong earnings for the fourth-quarter, becoming one of the few apparel brands to grow despite supply chain bottlenecks.
The yoga-inspired technical cashmere apparel company Lululemon reported strong numbers on Tuesday, crushing expectations thanks to a big jump in its online business which offset revenues lost due to temporary store closures. Lululemon now operates more than 500 stores across 20 countries thanks to its popularity among die-hard athleisure brand snobs.
On Thursday last week Lululemon reported second quarter earnings which were well received. The stock closed up 7.8% and is now up 40% so far this year. Why was the share price up so much? It seems to be because full-year expectations were hiked.
Yoga-inspired, technical apparel company for men and women, Lululemon, reported its first-quarter numbers. The company beat management and analysts aggressive earnings target for the fifth consecutive quarter. This was thanks to growth from online sales of leggings and joggers.
Nike has been in the news lately with their Colin Kaepernick campaign. For a retail brand, all this controversy and buzz is gold. Here is their new 'Dream Crazy' ad which hit the web last night. Take a watch on YouTube. After 12 hours, the clip had already garnered 4,37 million views. That makes me want to weep with joy (and so does the ad, actually).