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Canadian apparel company Lululemon reports revenue of $ 1.2 billion in the first quarter of 2009

Lululemon Athletica, a sports apparel company inspired by Canada’s healthy lifestyle, saw sales growth of 88% in the first quarter of 2021, ending May 2, 2021, 12 Reported that it was 100 million dollars. The company’s net profit increased to $ 144.9 million (Q1 2020: $ 28.6 million).

“Our first-quarter results reflect all the impetus for growth, supported by the continued expansion of our e-commerce business and the recovery of our physical stores. Our results across categories, channels and regions. The strong performance shows the momentum and strength of Lululemon’s transition to New Normal, “said Calvin McDonald, CEO of Lululemon Athletica, in a press release.

Gross profit for the first quarter of 2009 increased to $ 703 million ($ 334.4 million), and selling, general and administrative expenses were $ 496.6 million ($ 299.6 million). Lululemon’s operating revenue for the quarter increased to $ 193.8 million ($ 32.7 million).

“We are very pleased with the first quarter results, which reflect the significant growth of our business compared to both 2020 and 2019. The momentum continues into the second quarter. And we are raising our forecasts accordingly. Lulu Lemon Athletica’s Chief Financial Officer, Megan Frank, said that due to the strength of our financial position, we are taking advantage of both short-term and long-term opportunities. You can continue to compete with the Power of Three growth strategy.

Fiber2Fashion News Desk (JL)

Lululemon Athletica, a sports apparel company inspired by Canada’s healthy lifestyle, saw sales growth of 88% in the first quarter of 2021, ending May 2, 2021, 12 Reported that it was 100 million dollars. The company’s net profit increased to $ 144.9 million (Q1 2020: $ 28.6 million).



Canadian apparel company Lululemon reports revenue of $ 1.2 billion in the first quarter of 2009

Source link Canadian apparel company Lululemon reports revenue of $ 1.2 billion in the first quarter of 2009

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