Lululemon Stock Surges After Strong Q1 Earnings Report, With Massive Earnings Overseas
Lululemon reported strong earnings in its first quarter in 2023 with a net revenue increase of 24% to $2 billion and a gross profit increase of 32% to $1.2 billion. Although earnings were solid across the board, Lululemon experienced significant growth overseas with a 60% net revenue increase internationally. Lululemon intends to open 30 to…