The athleisure retailer said its net revenue rose by 24% to $2 billion between the first quarter of 2022 and the first quarter of 2023.
The company performed particularly well with its international customers: sales rose 60% year-over-year outside of North America.
Shares of Lululemon rose 13% in after-hours trading.
The retailer raised its expectations for net revenue in 2023 to between $9.4 billion and $9.5 billion, representing 17% sales growth.
Meanwhile, Home Depot reported steep sales and revenue declines after three years of robust growth
Persons:
Lululemon, Calvin McDonald, Fitch
Organizations:
CNN, Abercrombie, Home Depot
Locations:
China, North America