Wall Street analysts raise their price targets after blockbuster fourth quarter
Lululemon Athletica Inc.’s ongoing evolution — its push into men’s wear, work wear, underwear and self-care — along with investments in e-commerce, product innovation and global expansion, led to one of its “strongest years ever,” the Vancouver-based retailer said Wednesday.
Total revenue for fiscal 2018 was US$3.3 billion — not far off its goal of US$4 billion in revenue by 2020. In recent months, analysts have seemed particularly curious about the company’s budding loyalty program, with one suggesting Wednesday that the program could act as a springboard into to the “lucrative” world of personal experiences, such as yoga and wellness retreats.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Lululemon Q4 profit soars 80 per cent, beating analyst expectationsThe Vancouver-based company reported net income of US$218.5 million for the fourth quarter ended Feb. 3, 2019, up 82 per cent from US$119.8 million in the same quarter the previous year.
Read more »
Lululemon Q4 profit soars 80 per cent, beating analyst expectationsLululemon Athletica Inc.'s profit surged more than 80 per cent in its most recent quarter, blowing past analysts expectations.
Read more »
B.C. sets 18 more temperature records, while avalanche risk remains highSparwood was among the hottest places in the province on Thursday at 19.8 degrees.
Read more »
First U.S., now Canada shows sign of recession risk for first time in 12 yearsThe inverted yield curve club may keep Stephen Poloz on hold for his final 14 months as head of the Bank of Canada
Read more »
First U.S., now Canada’s yield curve inverts for first time in 12 yearsSignal of growing risk of recession may keep Stephen Poloz on hold for his final 14 months as head of the Bank of Canada
Read more »
WWE to feature first-ever women's main event at WrestleMania 35 - Sportsnet.caFor the first time in WWE history, WrestleMania will be highlighted by a women’s main event, as Ronda Rousey, Charlotte Flair and Becky Lynch will compete in a triple-threat match for the Raw Women's Championship.
Read more »
John Makdessi battling to be one of Canada’s best-ever UFC fightersOnly Georges St-Pierre (22), Patrick Cote (21) and Sam Stout (20) have more UFC fights than ‘The Bull’
Read more »
Lululemon beats estimates thanks to strong holiday-quarter salesThe company’s net income rose to $218.5 million, or $1.65 per share, in the quarter ended Feb 3 from $119.8 million, or 88 cents per share, a year earlier
Read more »
Subban records first career shutout, Golden Knights top Jets - TSN.caMalcolm Subban stopped 20 shots for his first NHL shutout, William Karlsson and Reilly Smith each scored twice, and the Vegas Golden Knights beat the Winnipeg Jets 5-0 on Thursday night.
Read more »