After working to build its online presence, increase its store count and expand internationally , Canadian athletic apparel brand Lululemon announced last week that its profits and revenue for its fiscal second quarter beat Wall Street expectations. If you invested in Lululemon 10 years ago that decision would have majorly paid off. Overall, the brand has been building up its core women's business over the last few years, as an increasing number of female consumers buy into the "athleisure" trend in the U. While Lululemon's stock has done well over the years, any individual stock can over- or underperform and past returns do not predict future results. He added that the brand's e-commerce business "is absolutely on fire. This quarter, Lululemon credited its menswear division with helping it beat quarterly expectations and raise forecasts for the year.
Lululemon IPO Runs Up 56%
Lululemon Prices IPO; Shares Jump 56% Day One… | SGB Media Online
Registration No. Amendment No. Exact name of registrant as specified in its charter. Vancouver, British Columbia. Canada, V5N 3G9.
Lululemon Prices IPO; Shares Jump 56% Day One…
This article was published more than 10 years ago. Some information in it may no longer be current. Lululemon Athletica Inc. The company had mulled reducing the size of its IPO but this week decided to keep the offering at The company wants to use some of the money raised to expand, with plans to open as many as 25 stores this year and up to 35 more in in the United States and Canada.
See full story. In a sign of strong investor interest, underwriters Goldman Sachs GS, Few clothing firms have come to the IPO market lately. Lululemon sells fitness pants, shorts, tops and jackets designed for athletic pursuits such as yoga, dance, running and general fitness. He decided to launch the line after taking the first commercial yoga class offered in Vancouver "and found the result exhilarating," the company said on its Web site.