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Lululemon profits rise

Gross profit at Lululemon was up by 16% year on year to $322m (£241m) in its third quarter – ended 29 October.

Net revenue was up 14% to $619m (£462m), and total comparable sales were up 8%.

Income from operations was down 8% to $85.6m (£64m).

Lululemon CEO Laurent Potdevin said: “Our teams powerfully delivered robust results across both store and digital channels this quarter, driving a further acceleration in our business.

”The strength of our Q3 earnings supports our unique position as the global brand defining an active, mindful lifestyle.”

 

 

 

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