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Article Date: March 2021
Word Count: 837

Lululemon Outperforms in Q4, Guides for Strong 2021 Growth


Net income increased by 11% in the final quarter to $329,837,000 from $298,021,000 on 24% top line growth to $1,729,550,000 from $1,397,491,000 including a +21% blended comp consisting of a 94% surge in DTC e-commerce that more than offset a 28% decline in stores. DTC accounted for 52% of total revenue, up from 33% in Q4 ’19, but brick-and-mortar was hampered by more stores closures and capacity restrictions than had been anticipated. Revenue increased 21% in North America and 47% internationally. The “Power of Three” growth strategy survived the pandemic, as LULU has already hit its e-commerce growth target and ... Log in to view full article.

 


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