Online sales have Lululemon clicking – The Globe and Mail


Lululemon Athletica Inc. (LLL-T65.859.7817.44%) is bolstering its reputation as a stock market darling, which is how the upscale yoga wear retailer started its public corporate life more than three years ago.

 

NASDAQ in Times Square, New York City, USA.

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On Thursday morning, its shares shot up more almost 15 per cent after the company reported third-quarter results that blew through analysts’ forecasts. The Vancouver-based company shares soared $8.12 (U.S.) to $63.82 on Nasdaq, more than doubling in value over the past year.

“Our business momentum continued as we reported another strong growth quarter,” Christine Day, chief executive officer of Lululemon, told an analyst conference call on Thursday. “We continued to focus on technical athletic product with yoga at our core.”

via Online sales have Lululemon clicking – The Globe and Mail.

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