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April 03, 2008
Lululemon's 4Q Earnings, Sales Soar
Athletic apparel retailer Lululemon saw a 16-fold increase in earnings for its fourth quarter to $14.6 million on revenues that doubled to $105.1 million.
The Canadian company pinned its success on great store locations and the healthy living trend. Comps for the period ended Feb. 3 came in at 41%.
The company plans to open 35 more stores in North America this year as well as launch an e-commerce site.
Posted by Blacks on April 3, 2008 10:58 AM
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