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Article Date: August 2023
Word Count: 585

Lululemon Posts High-Teens Sales and Profit Growth


Net income improved by 18% to $341,603,000 in the second quarter from $289,521,000 prior, on a similar increase in the top line to $2,209,165,000 from $1,868,328,000, including a +11% blended comp for both online and offline channels. Comparable store sales increased 7%, attributed to a 20% increase in store traffic, as conversion rates and dollar value per transaction were both lower. Direct-to-consumer e-commerce was up 15% to $893.7 million, accounting for 40% of total revenues compared to 42% a year ago. Other revenue—from outlets, wholesale, and the connected fitness Lululemon Studio ... Log in to view full article.

 


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