Lululemon’s international expansion fuels growth
With U.S. sales lagging, Lululemon is finding success abroad, driving a 9% revenue increase year-over-year.
Lululemon is seeing its international sales spike this holiday season, despite slowing U.S. numbers. The brand’s stock rose 17% in early trading Friday, raising the company’s full-year sales. In the third quarter, net revenue increased 9% to $2.4 billion, per a press release.