lululemon athletica inc. is a US-Canadian athletic apparel retailer headquartered in British Columbia and incorporated in Delaware. It was founded in 1998 as a retailer of yoga pants and other yoga wear, and has expanded to also sell athletic wear, lifestyle apparel, accessories, and personal care products. The company has 574 stores internationally, and also sells online.
For the second quarter, Lululemon Athletica expects to report net revenue of between $2.140 billion and $2.170 billion, thereby representing growth of approximately 15 percent.
Lululemon Athletica said its gross profit increased by 24 percent to $870.4 million, whereas its gross margin decreased 320 basis points to 53.9 percent.
