×
1 390
Fashion Jobs
JUST JEANS
Stock Coordinator - Part Time - Just Jeans nz - Hornby Dfo
Permanent · Christchurch
DAVID JONES
Traffic Manager - Creative- Country Road
Permanent · Melbourne
DAVID JONES
Visual Merchandising Manager - David Jones Wollongong
Permanent · Sydney
ESTEE LAUDER
Clinique - Consultant - Central Coast Kotara - Part Time
Permanent · Central Coast
ESTEE LAUDER
Key Account Manager - Specialty Multi Channel
Permanent · Sydney
THE JUST GROUP
Operations Manager
Permanent · Melbourne
MUNRO
Merchandise Planner
Permanent · Melbourne
ESTEE LAUDER
Clinique - Consultant - Carousel - Part Time
Permanent · Melbourne
DAVID JONES
Project Manager - Country Road Group
Permanent · Melbourne
SPORTS GIRL
Group CRM And Loyalty Manager
Permanent · Melbourne
DOTTI
Supply Coordinator - Dotti
Permanent · Melbourne
DAVID JONES
Loss Prevention Officer – David Jones Elizabeth Street
Permanent · Sydney
DAVID JONES
Loss Prevention Opportunities - David Jones Melbourne
Permanent · Melbourne
DAVID JONES
Operations Manager - David Jones Doncaster
Permanent · Melbourne
DAVID JONES
Loss Prevention Manager - David Jones Canberra Centre
Permanent · Canberra
DAVID JONES
Loss Prevention Opportunity - David Jones Queens Plaza
Permanent · Brisbane City
ON RUNNING
Sales Manager
Permanent · MELBOURNE
JUST JEANS
Supply Coordinator - Just Jeans
Permanent · Melbourne
ESTEE LAUDER
Clinique - Consultant - Myer Fountain Gate - Ppt
Permanent · Melbourne
THE JUST GROUP
Regional Manager - Victoria
Permanent · Melbourne
DAVID JONES
Head of Marketing - Politix
Permanent · Melbourne
LULULEMON
Store Business Lead | Queen Street
Permanent · Brisbane City
Published
Jun 4, 2021
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Lululemon brick-and-mortar sales rebound, drive 88% revenue surge

Published
Jun 4, 2021

Vancouver-based athleticwear company Lululemon Athletica Inc. reported net revenue of $1.2 billion for the first quarter on Thursday, an 88% increase compared to $652.0 million in the prior-year period, progress driven by continued e-commerce growth and the return of store traffic. In constant currencies, revenue rose 83% year over year.


Lululemon's in-store sales led revenue growth in Q1 - Instagram: @lululemon

 
In the first quarter ended May 2, 2021, revenue in stores operated by the company shot up to $536.6 billion, a 106% increase compared to the prior-year period, which was heavily impacted by store closures related to the Covid-19 pandemic. Quarterly direct-to-consumer revenue at Lululemon rose 55% year over year to $545.1 million.
 
Broken down by region, Lululemon’s revenues increased 82% in North America and 125% internationally.

Net income at the company totaled $145.0 million, or $1.11 per diluted share, compared to $26.6 million, or $0.22 per diluted share, in the same period in the previous year.
 
In light of the strong negative impact of the coronavirus crisis on its business in the first quarter of last year, Lululemon also provided its financial results for Q1 2019 as a further basis of comparison.
 
Compared to the first quarter of 2019, when revenue totaled $782.3 million, the company’s latest Q1 revenue represented a 57% rise. Earnings in the first quarter of 2019 totaled $96.6 million, or $0.74 per diluted share.
 
“Our first quarter results reflected strength across all drivers of growth, fueled by the continued expansion in our e-commerce business and a rebound in brick-and-mortar stores,” said Lululemon CEO Calvin McDonald in a release. “Our strong performance across categories, channels and geographies demonstrates the momentum and strength of lululemon as we shift into the new normal.”
 
Looking forward, the company expects to report net revenue of between $1.300 billion and $1.330 billion in the second quarter, while diluted earnings per share are predicted to be in the range of $1.05 to $1.10.
 
For the full fiscal year 2021, Lululemon expects its revenue to be between $5.825 billion and $5.905 billion. Annual diluted earnings per share are expected to be in the range of $6.52 to $6.65.
 

Copyright © 2022 FashionNetwork.com All rights reserved.