Lululemon sales soar in ‘solid start to the year’
Lululemon has reported a net revenue increase of 24% to $2bn (£1.6bn) as shoppers snapped up its high-end yoga gear and activewear.
The athleisure brand posted a 17% net revenue increase in North America and a 60% increase internationally in the three months ending April 30, 2023.
Gross profit increased by 32% to $1.2bn (£960m), while income from operations increased by 54% to $401.4m (£320.57m).
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