The Vancouver-based athleisure company’s net revenue increased nine per cent to US$2.4 billion in the third quarter of 2024, compared to the same quarter a year earlier. It now expects annual revenue between US$10.45 billion and US$10.49 billion, up from its previous forecast range of US$10.38-billion to US$10.48-billion. (The Logic)
Skip to content
The Vancouver-based athleisure company’s net revenue increased nine per cent to US$2.4 billion in the third quarter of 2024, compared to the same quarter a year earlier. It now expects annual revenue between US$10.45 billion and US$10.49 billion, up from its previous forecast range of US$10.38-billion to US$10.48-billion. (The Logic)
Talking point: A 36 per cent surge in revenue from China, mirroring its second-quarter momentum, and strong U.S. Thanksgiving holiday sales, helped boost the company’s confidence, CEO Calvin McDonald said on an earnings call. The strong performance follows some recent challenges Lululemon has faced, including its chief product officer’s departure and concerns about slowing growth in its core Americas market. The yoga-pant makers’ stock price was up about 16.45 per cent by Friday afternoon, but it’s still down nearly 21.5 per cent from the start of the year.
Loading...
Thanks for sharing!
You have shared 5 articles this month and reached the maximum amount of shares available.
CloseThis account has reached its share limit.
If you would like to purchase a sharing license please contact The Logic support at [email protected].
CloseGift the full article!
You have gifted 0 article(s) this month and have 5 remaining.
Recipients will be able to read the full text of the article after submitting their email address. They will not have access to other articles or subscriber benefits.
Most Popular This Week
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.
News
Wealthsimple will let Canadians place bets on prediction market Kalshi
Briefing
Liberals force controversial lawful access bill through the House
G7 leaders and tech CEOs look for common front on AI standards
Shopify-backed Frontier recruits Anthropic and commits US$915M to carbon removal
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
Exclusive events
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.
