Lululemon has smashed analysts’ expectations over its third quarter thanks to a dramatic rise in online sales, which now account for over 40 per cent of its total revenue.
The athleisure giant saw sales rise 22 per cent during its third fiscal quarter to $1.1 billion, comfortably above analysts’ estimates of $1.01 billion
Gross profits for the quarter jumped 24 per cent to $627.4 million and its gross margin rose 100 basis points to 56.1 per cent.
