Lululemon Hits $6 Billion in Sales for the First Time

Lululemon (Vancouver, British Columbia) has surpassed $6 billion (to $6.3 billion) in revenue for the first time, unveiled through its fourth quarter revenue results announced earlier this week. Two years ahead of its “Power of Three” growth strategy’s deadline, the retailer also saw total comparable sales increase by 22 percent as well as comparable store sales increase by 32 percent.

The brand’s Chief Financial Officer Meghan Frank says, “Our results were driven by consistently strong performance across our products, channels, and regions. In addition, for both the fourth quarter and full year, we delivered revenue growth above our Power of Three goals, despite the continued impact of [Covid] and global supply chain issues. We are pleased to see our momentum continue at the start of 2022 and are optimistic about our performance for the year ahead.”

Now the company is predicting a net revenue in the range of $7.490 and $7.615 billion for fiscal 2022.