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Lululemon Athletica revenue increase 20 percent for Q1

Business

Lululemon Athletica revenue increase 20 percent for Q1

by FashionUnited
12 Jun 2019

Lululemon Athletica reported its net profit for Q1 climbed on Wednesday. Revenues grew by 20 percent from the same period last year.

For Q1, the company's net profit was 96.6 million dollars, increased from 75.2 million dollars last year. Furthermore, revenues increased to 782.3 million dollars.

Lululemon Athletica Inc. (NASDAQ: LULU) is a yoga-inspired athletic apparel company, which produces a clothing line and runs international clothing stores from its company base in Vancouver, Canada. The company was founded in 1998 currently operates 440 retail stores in 14 countries across the globe.