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Lululemon CEO sees progress in company’s efforts to address past lack of newness

  • Lululemon's comparable sales overall increased by four percent, although they fell by two percent in the Americas, as noted in the report.
  • International revenue increased by 33 percent, according to Neil Saunders, who described it as a "stellar" growth.
  • The company also approved a US$1 billion increase to its share repurchase program, indicating confidence in their market strategy.
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Lululemon reports US$351 million profit in Q3 as revenue also rises

Lululemon Athletica Inc. says it earned US$351.9 million in its latest quarter as its revenue rose nine per cent.

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Lululemon stock jumps as international growth helps to offset slowing U.S. sales

Lululemon has been in a bit of a rough spot after the departure of its longtime chief product office Sun Choe.

·United States
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CNBC broke the news in United States on Thursday, December 5, 2024.
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