Lululemon posts Q3 revenue growth as international demand offsets US softness

Lululemon delivered higher Q3 revenue and earnings, with robust international growth, particularly in China, helping offset weaker US demand.

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Lululemon posts Q3 revenue growth as international demand offsets US softness

Lululemon posts Q3 revenue growth as international demand offsets US softness
Lululemon Athletica Inc. (NASDAQ:LULU) reported quarterly revenue of $2.56 billion, marking a 6.7% year-on-year increase, while GAAP earnings per share came in at $2.59, both ahead of market expectations. Performance was supported by strong international momentum, with China sales growing about 46%, helping balance slower demand in the US market.
Companies:
  • Lululemon Athletica Inc.
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  • retail