Lululemon Tracks Ahead of Growth Targets
Following a sensational Q2 in which revenues and net income both grew by 18%, that momentum continued into Back-to-School, LULU said at the Goldman Sachs Global Retailing Conference. LULU’s “Power of Three ×2” five-year growth goals are doubling men’s revenues, doubling e-commerce and quadrupling its international business, and at the end of 2022, every benchmark was ahead of schedule. Total revenues were up 30% against a goal of 15%, men’s was 27% higher (20%) e-commerce was 33% (16%) and international increased 35% (30%). In its most recent quarter, international sales accounted ... Log in to view full article.