Lululemon Beats Wall Street Expectations with Holiday Guidance
Lululemon, a leading athletic apparel retailer, has released its third-quarter earnings report, beating Wall Street’s expectations. The company reported a 9% increase in sales year over year, driven by strong international growth. Despite slowing U.S. sales, Lululemon’s overall revenue rose to $2.40 billion, with gross margin increasing by 1.5 percentage points to 58.5%. The company … Read more