Omnichannel

Lululemon bests analyst earnings expectations

Photo by istock.com

September 10, 2021

A year and a half of consumers staying at home to avoid the COVID-19 pandemic is paying off for one leisure and workout attire retailer.

Lululemon beat financial analyst expectations with its latest earnings report and outperformed more than a few other retailers, according to a CNBC report.

The earnings and the fact it expects to hit a 2023 revenue projection parlayed into shares hitting an all-time high note, jumping more than 13%.

The earnings would have been even greater, according to CEO Calvin McDonald, if it hadn't been for supply chain obstacles and challenges that were ignited by the pandemic conditions.