Lululemon's Monster Quarter: Revenue Nearly Doubles
lululemon athletica (NASDAQ: LULU) reported first-quarter results after the market close on June 3. The athleisure retailer handily beat analysts' expectations, delivering revenue growth that nearly doubled last year's first-quarter total.
Recall, however, that the year-ago period included strict lockdowns from the early phases of the pandemic when consumers closed their wallets to nonessential items like clothing, but revenue was up even when compared with 2019 levels.
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Source Fool.com
