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Article Date: June 2022
Word Count: 591

Lululemon Delivers Balanced, Consistent Growth in Q1


Net income increased 31% to $189,998,000 from $144,956,000 for the period ended May 1 as total revenues rose 32% to $1,613,463,000 from $1,226,465,000, including a +29% comp that was up 24% in stores and 33% in the digital segment. Store sales in the period increased 36% y-o-y and 13% on a three-year CAGR as traffic increased 40% y-o-y. Digital sales were up 51% on a three-year CAGR to $721 million or 45% of all Q1 revenues with ecommerce traffic increasing nearly 40%. North American sales were 26% higher on the three-year CAGR basis. Similarly, international revenues increased 37%. By segment ... Log in to view full article.

 


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