Lululemon Athletica Had 25% Increase in Q1 2018 Sales
In its first-quarter results reported on May 31, Lululemon Athletica’s (LULU) top line increased 25% YoY (year-over-year) to $650 million. Analysts surveyed by Thomson Reuters had projected an 18.7% rise in sales to $618 million. The results also exceeded the upper end of management’s guidance of $612 million–$617 million. That was the company’s seventh consecutive top-line beat.