The new store in Chicago features two exercise rooms, a meditation area and a cafe serving smoothies, salads, kombucha and beer Lululemon Athletica Inc. is flexing its muscles. On Thursday, the high-end yoga pants maker will open a Chicago store where shoppers can work out like at a traditional fitness studio. And if visitors forget their own gear, they can borrow a Lululemon outfit to sweat in and return — it’s washed between each use — in hope they’ll end up buying (an unwo
-Lululemon has topped estimates for nine consecutive quarters. -During that stretch, LULU stock has risen more than 260%. -Lululemon should continue to top estimates for the foreseeable future, mostly because this company is a high-quality leader in a healthy growth industry. Shares of Lululemon (LULU) popped in mid-June after the athletic apparel brand reported yet another beat-and-raise quarter. This marks the ninth quarter in a row where Lululemon topped both earnings and
New York (CNN Business) Lululemon pulled in $3.3 billion in sales last year. But to become bigger, Lululemon will reach beyond its strength in women's yoga pants. The upscale athletic brand unveiled a five-year growth plan Wednesday to double its men's and digital businesses. Men's workout clothes, dress pants and new products like boxers currently make up a small fraction of Lululemon's sales. Lululemon makes 26% of its sales online. "Men's is one of our largest and most exc
Canadian athletic apparel maker Lululemon Athletica Inc raised its full-year forecasts and reported strong quarterly results on Wednesday, benefiting from its efforts to boost online presence in a highly competitive retail industry. The company’s shares, which have surged nearly 40% this year, were up 4% in extended trading.
The company, which has plans to more than double its digital revenues by 2023, said its online net revenue increased 33% in the first quarter.
Dive Brief: Lululemon on Thursday beat earnings estimates, as net sales rose 21% from fiscal year 2017 to $747.7 million (higher than analysts' expectations). Comp sales increased 18%, above the 13.8% expected, and comprised of a same-store sales increase of 7% and an e-commerce sales increase of 46%. The fitness apparel retailer also said in a press release that operating income was $135.9 million (18.2% of net revenue), compared to $85.6 million in the year-ago quarter. Net
Lululemon third-quarter earnings and revenue topped Wall Street estimates. However, shares fell as investors reacted to a disappointing forecast for the fourth quarter. Shares dropped during after-hours trading. Lululemon on Thursday reported quarterly earnings and revenue that beat analysts' estimates, but its outlook for the fourth quarter was slightly weaker than expected. Shares of the company dropped 3 percent in after-hours trading. Here's what the company reported comp
Lululemon reports earnings and sales for the second quarter that top analysts' expectations. The athletic apparel retailer also raises its profit and sales outlook for the full year. Lululemon's men's business continues to accelerate, as women keep flocking to its stores for leggings and yoga gear. Shares of Lululemon Athletica jumped more than 7 percent in after-hours trading Thursday after the athletic apparel retailer reported second-quarter earnings and sales that topped
Lululemon Athletica posted first-quarter profit that beat expectations as revenue jumped 25 percent. The results sent the company's shares to an all-time high in after-hours trade. Lululemon is navigating a move by consumers to online shopping and growing competition from rivals including Under Armour and Nike. Canadian athletic apparel maker Lululemon Athletica posted first-quarter profit that beat expectations on Thursday as revenue jumped 25 percent, sending the company's
Lululemon is taking its presence in Mexico to a new level. A year after launching in the country with a showroom in Polanco, Mexico City, the Canadian workout clothing brand has announced on social media the opening of its first Mexican store on Wednesday 21 March at the Artz Pedregal shopping mall in Mexico City. The brand’s first shop in Mexico will showcase its men’s and women’s clothing and accessories collections, designed for a variety of sports activities including yog
Lululemon Athletica is fit, fit, fit! The Canadian athletic sportswear retailer delivered mostly upbeat news Thursday, with sales across all key categories strong, menswear racing ahead, online ops sprinting ahead, and the expectation that outerwear will perform well as H2 temperatures dip. The company, with aspirations to become a $4bn business by 2020, also raised annual targets for the year, with sales expected to top $2.55bn. Its shares moved in the same direction after h
Lululemon announced solid Q4 results, with net revenue increasing 12% year-over-year (YoY) to $790 million. E-commerce net revenue also increased 12% YoY, to $164 million. For the fiscal year ended January 29, the athleisure retailer brought in $2.3 billion in net revenue, an increase of 14% YoY. Despite the positive Q4 and full-year results in 2016, CEO Laurent Potdevin said he expects sluggish demand to result in a same-store sales decrease in Q1, while also having an acute
Lululemon shares fell by as much as 16% in after-hours trading on Wednesday after the company reported earnings and said it had a "slow start" to the year. Lululemon's CEO Laurent Potdevin told analysts on the earnings call that the slowness was mostly online. Poor visual merchandising in stores also hurt sales at the athleisure-wear company, he said, according to Bloomberg. In the earnings release, Lululemon said it expects sales at stores open for at least one year to decli
Athletic apparel retailer Lululemon experienced a slowdown in online sales growth during Q2 2016. The company attributed this to an online warehouse sale that it ran during Q2 of last year, which made for a tough comparison. But the company faces particularly intense competition as athleisure becomes a more popular trend, and it's been heavily focused on its digital efforts to engage customers. Lululemon posted strong growth overall during Q2 2016: Total revenue surged for Lu
Lululemon delivered its second-quarter earnings report on Thursday afternoon. The company announced earnings for the second quarter of $0.38 a share, in line with expectations of $0.38 a share. Additionally, Lululemon generated $514.5 million in revenue, a hair below expectations of $514.7 million. This was a 14% increase from the second quarter of fiscal 2015. The stock plunged over 8% to $70.48 in after-hours trading in the immediate aftermath of the report's release. "Our
Lululemon has raised its prices in Canada, and customers are furious.
Price increases on a small group of products are coming to the United States too. Lululemon bloggerLulumum pointed out the Canada price hike on her blog, specifically pointing to how the Cool Racerback II is $52. "When I started this blog, Cool Racerbacks where $38," she wrote. "I've now heard that the US will also be getting price increases sometime after the Canadian increase on August 1st which debunks