Lululemon Busts A Billion

  • March 26, 2012

Lululemon Athletica says its fiscal fourth-quarter revenues soared 51% to $371.5 million, and that for the full year, sales topped the billion-dollar mark for the first time, with annual revenue rising 41% to $1 billion, up from  $711.7 million in fiscal 2010. Net income for the Vancouver, B.C.-based retailer climbed to $73.5 million in the quarter, up from $54.8 million in the year-ago period. And on a comparable store basis, sales for the quarter rose 26%. The store sells yoga-inspired athletic wear online and at its 174 stores.

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