Lululemon 5-year Plan Driven by Men’s, Digital and International
LULU is forecasting annual low-teens revenue growth in a new 5-year plan, introduced today at its investor meeting in New York, and sees modest gross margin expansion and modest SG&A leverage driving operating income that grows faster than revenue and net income that grows faster that operating income. Its previous revenue target of $4 billion by 2020 was set in 2016, and will be hit easily ahead of schedule. Brick-and-mortar sales, which account for about 65% of revenues excluding pop-ups and outlets, are seen growing low-double digits. But e-commerce sales will become a much bigger slice of the pie by ... Log in to view full article.