With its international business growing strongly and its U.S. business projected to regain its mojo in 2025 fueled by more seasonal newness for guests, Lululemon reported solid Q3 results that included a 45% increase in operating income to $490.7 million and a 150-basis-point improvement in gross margin to 58.5%. The company is ahead of schedule on its $12.5 billion annual revenue target by 2026 and has increased its stock repurchase program by $1 billion.

Total Q3 revenues rose by 9% to nearly $2.4 billion from $2.2 billion, with a 30% constant currency ... Log in to view full article.