Net revenue increased to $1.6 billion as opposed to the $1.53 billion expected by analysts
Diluted earnings per share were $1.48, up from $1.11 in the same period last year.
Lululemon previously announced that it plans to double its men’s and digital revenues while quadrupling international sales from 2021 levels as part of its growth plan. “These results provide a solid foundation as we begin our next five-year journey,” CEO Calvin McDonald said during Thursday’s earnings call.Article content
McDonald said while the company is in a better inventory position as compared to last year, the recent COVID-related lockdowns in China have had a modest impact.
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