Lululemon Athletica, a healthy lifestyle inspired athletic apparel company for yoga, running and most other sweaty pursuits, has announced its financial results for second quarter (Q2) FY20. Net revenue for the quarter grew 2 per cent to $ $902.9 million (Q2 FY19: $883.3 million). Net income for the period fell to $86.8 million ($115.4 million).
Lululemon Athletica, a healthy lifestyle inspired athletic apparel company for yoga, running and most other sweaty pursuits, has announced its financial results for second quarter (Q2) FY20. Net revenue for the quarter grew 2 per cent to $ $902.9 million (Q2 FY19: $883.3 million). Net income for the period fell to $86.8 million ($115.4 million).#
“We're pleased with our overall business results for the second quarter, as Lululemon increasingly lives into its omni potential. As trends around the world are shifting to working and sweating from home with an increased focus on health and wellness, we believe 2020 is likely an inflection point for retail and for Lululemon,” Calvin McDonald, CEO of Lululemon, said in a press release.
Lululemon Athletica, a healthy lifestyle inspired athletic apparel company for yoga, running and most other sweaty pursuits, has announced its financial results for second quarter (Q2) FY20. Net revenue for the quarter grew 2 per cent to $ $902.9 million (Q2 FY19: $883.3 million). Net income for the period fell to $86.8 million ($115.4 million).#
Gross profit for the quarter was $489.5 million ($485.7 million). Selling, general and administrative expenses were $352.9 million ($317.8 million). However, company’s income from operations dropped to $124.4 million ($167.9 million).
Lululemon Athletica, a healthy lifestyle inspired athletic apparel company for yoga, running and most other sweaty pursuits, has announced its financial results for second quarter (Q2) FY20. Net revenue for the quarter grew 2 per cent to $ $902.9 million (Q2 FY19: $883.3 million). Net income for the period fell to $86.8 million ($115.4 million).#
“We are cautiously optimistic with regard to the second half of the year as we continue to navigate the uncertain environment,” McDonald said.
Lululemon Athletica, a healthy lifestyle inspired athletic apparel company for yoga, running and most other sweaty pursuits, has announced its financial results for second quarter (Q2) FY20. Net revenue for the quarter grew 2 per cent to $ $902.9 million (Q2 FY19: $883.3 million). Net income for the period fell to $86.8 million ($115.4 million).#
As of August 2, 2020, Lululemon’s 492 of its 506 company-operated stores were open.
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