Lululemon on Tuesday offered an upbeat outlook for sales during the current quarter and for the year, anticipating consumer demand for its sweat-wicking leggings and sports bras will continue. During the fourth quarter, its online sales surged 92%, as many consumers preferred staying put at home and shopping from the comfort of the sofa during the Covid pandemic. Women’s sales were up 19%, and men’s grew 17% during the quarter, the company said.
Lululemon on Tuesday reported revenue and profit for the fiscal fourth quarter that topped analysts’ estimates, boosted by the athletic apparel maker’s online business, and double-digit sales growth in both its women’s and
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