Reported 20 days ago
Lululemon's CEO Calvin McDonald expressed confidence in the brand's potential recovery in the US market, despite a stagnant third-quarter revenue. While US sales remained unchanged, Lululemon experienced growth in Canada, China, and other international markets. McDonald plans to reinvigorate the women's segment and merchandise rollout, predicting positive sales inflection in the coming year. Despite a 21% decline in shares this year, the latest earnings release and optimistic outlook have led to a 19% stock surge.
Source: YAHOO