Lululemon Q1 revenues surge by 88 per cent to reach $1.2 billion on strong sales
Jun 3, 2021 | 2:00 PM
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VANCOUVER — Lululemon Athletica Inc. says its revenue soared by 88 per cent in its latest quarter, fuelled by the company’s ongoing e-commerce expansion and a rebound in its brick-and-mortar store sales.
The Vancouver-based maker of athletic and yoga wear says its revenue amounted to $1.2 billion in its first quarter, up from $652 million the year prior.
The company recorded a net income of almost $145 million for the period ended May 2, up from $28.6 million in 2020.
Lululemon’s diluted earnings per share reached $1.11, compared with 22 cents in the first quarter of 2020.
