Companies

Lululemon’s International Sales Rise as US Growth Slows Amid Consumer Uncertainty, Competition

Lululemon’s International Sales Rise as US Growth Slows Amid Consumer Uncertainty, Competition
The Lululemon logo on a Lululemon store in Pittsburgh, Pa., on June 3, 2024. Gene J. Puskar/AP Photo
Panos Mourdoukoutas
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Strong international sales helped athletic apparel maker Lululemon deliver another solid quarter, making up for persistent weakness in the U.S. market amid growing economic uncertainty and competition. Meanwhile, the company gave conservative sales guidance for the new fiscal year, disappointing Wall Street, which sent its shares sharply lower during morning trading on March 28.
On March 27, the Vancouver-based maker of technical athletic apparel, footwear, and accessories for yoga, running, training, and other activities reported solid top- and bottom-line financial results for the fourth quarter and fiscal year 2024 that ended on Feb. 2, beating analysts’ estimates.
Panos Mourdoukoutas
Panos Mourdoukoutas
Author
Panos Mourdoukoutas is a professor of economics at Long Island University in New York City. He also teaches security analysis at Columbia University. He’s been published in professional journals and magazines, including Forbes, Investopedia, Barron's, IBT, and Journal of Financial Research. He’s also the author of many books, including “Business Strategy in a Semiglobal Economy” and “China's Challenge.”