Lululemon's Q2 Sales Surge 18% on Strong China Growth
  • 8 months ago
Lululemon reported an 18% increase in sales and profit for Q2, largely due to strong growth in China. The company raised its full-year guidance and plans to open more international stores, focusing on China. While North American sales increased, global same-store sales fell short. Lululemon aims to double its sales by 2026 by expanding physical stores, increasing men's category sales, and boosting direct-to-consumer revenue. The company saw a 14% increase in inventories but was able to manage it well.
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