The retailer reported holiday earnings on Thursday evening that topped expectations, but showed that its growth in North America is stagnating.
During the quarter, sales rose 9% in the Americas, compared to 29% growth in the year-ago period.
For the current quarter, Lululemon expects net revenue to be between $2.18 billion and $2.20 billion, representing growth of 9% to 10%.
For the full year, it expects sales to be between $10.7 billion and $10.8 billion, compared with estimates of $10.9 billion, according to LSEG.
During the quarter, it opened its first men's store in Beijing — a key growth market for the company.
Persons:
Lululemon, you've, Calvin McDonald, McDonald, Alo Yoga, it's, Meghan Frank
Organizations:
LSEG, U.S
Locations:
U.S, North America, Americas, China, Vancouver, Beijing