Lululemon CEO 'confident' in US sales inflection [Yahoo! Finance Canada]
lululemon athletica inc. (LULU)
Last lululemon athletica inc. earnings: 3/26 04:05 pm
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Source: Yahoo! Finance Canada
CEO Calvin McDonald is working on turning that around. The athleisure brand reported third quarter US revenue was unchanged, in contrast with a 9% boost for Canada, a 39% surge in mainland China, and a 27% gain in other international markets. McDonald told Yahoo Finance that he's confident Lululemon's biggest market will improve in the new year. “There's no doubt in my mind that we have a long runway of growth still in the Americas,” he said in an interview on Yahoo Finance (see video above). McDonald said Lululemon's women's business, which has been faltering in the US, is a focus for the company. Lululemon pulled back on its cadence of new merchandise in its US stores this year, which McDonald is now reversing. "All data has pointed to a brand that is still highly engaged with our guest and a mix opportunity that we own," he said. "We're focused on and excited to deliver in Q1 when we get back to those historical levels and therefore feel confident in the inflection." Lulu
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LULU
Earnings
- 12/5/24 - Beat
LULU
Sec Filings
- 12/19/24 - Form SCHEDULE
- 12/11/24 - Form 4
- 12/11/24 - Form 4
- LULU's page on the SEC website