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LULULEMON: Q1 profit dips despite higher sales

YOGA and fitness wear specialist Lululemon declared first quarter results that showed profit down by 15 per cent, to CAD 57.6m on sales that were l7 per cent higher than for the same period a year earlier. The stronger sales are attributed partly to higher sales in Europe where the company opened a new showroom in Paris to complement showrooms in London and Hamburg. Another European showroom is scheduled to open in Zurich around mid-July 2016.

Lululemon

Lululemon

Although analysts started predicting a weaker performance many months ago, it is only now that a negative trend is being shown by actual results.

 

See also:

LULULEMON: second showroom to open in Paris

LULULEMON: international expansion announced

LULULEMON: first store opens in continental Europe

Lenzing-banner-05-2016

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