Canadian firm Lululemon Athletica’s revenue soars 10% in Q1 FY24

Lululemon Athletica reported a 10 per cent rise in Q1 FY24 net revenue to $2.2 billion, with an 11 per cent increase on a constant dollar basis.
International net revenue surged 35 per cent. Comparable sales grew 6 per cent.
Gross profit rose 11 per cent to $1.3 billion.
Diluted EPS increased to $2.54.
The company ended the quarter with 711 stores.

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