Lululemon shares increased after Q1 revenue grew 10% to $2.2bn, with women's and men's sales up, international sales up 35%, and same-store sales rising 7%.
Lululemon shares surged after strong Q1 results, with revenue up 10% to $2.2bn. Women's sales rose 10%, men's sales up 15%, and accessory sales increased 2%. International sales jumped 35%, with China seeing a 45% increase. Same-store sales rose 7%, with a 29% surge in international same-store sales. Despite the strong results, the stock is down 30% YTD. It's unclear whether this is the right time to invest.
June 09, 2024
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