Lulu lemon men1/27/2024 If you’re wondering which brand is best to add to your yoga wardrobe, we’ve narrowed down the winners in the Vuori vs lululemon debate. Yoga-luxe brand lululemon has led the pack for trendy performance activewear, but there’s a new brand on the block: California-based Vuori brings an earthy surf style to workout gear while dialing in on ethical and sustainable manufacturing. With everyone seeking cozy chic workout wear that can dual-function as casual fashion, athleisure brands are popping up left and right. The company has a market cap of $41.3 billion.įind the press release from Lululemon here.There’s nothing better than a versatile outfit you can lounge around in, run errands in, and do yoga in while still looking cute. Lululemon's shares are down about 8% year to date, as of Tuesday's market close. It said it plans to ramp up investments in the start-up, which generated $170 million in revenue in 2020, including results from before Lululemon's $500 million acquisition. Lululemon also now owns at-home fitness equipment maker Mirror, which offers another source of revenue growth beyond the pants, tops and workout accessories that it sells. It cautioned, however, that further resurgences in Covid-19, including from variants, could cause additional restrictions that could suppress shopper demand as well as lead to supply chain disruption.įor now, the company said it remains on track to reach the targets it previously charted to hit by 2023, including doubling its men's and online sales, and quadrupling international revenues. Lululemon now expects first-quarter revenue to be in a range of $1.10 billion to $1.13 billion, compared with analysts' average estimate of $999.5 million, according to Refinitiv.įor fiscal 2021, the company is calling for revenue to be in a range of $5.55 billion to $5.65 billion, compared with analysts' average estimate of $5.42 billion. "We are still in the early innings of our growth, fueled by exciting innovations," CEO Calvin McDonald said in a statement. In North America, revenue grew 21%, while international sales rose 47%.ĭirect-to-consumer sales nearly doubled, and represented 52% of total sales in the quarter, compared with 33% of sales during the year-ago period, it said. Women's sales were up 19%, and men's grew 17% during the quarter, the company said. Its online sales surged 92%, as many consumers preferred staying put at home and shopping from the comfort of the sofa during the Covid pandemic. That topped expectations for $1.66 billion. Its revenue spiked roughly 24% to $1.73 billion from $1.4 billion a year earlier. Excluding one-time items, the company earned $2.58 per share, better than the $2.49 expected by analysts. Lululemon reported net income of $329.8 million, or $2.52 per share, compared with net income of $298 million, or $2.28 per share, a year earlier.
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