NEWS
06/09/2015 06:18 EDT | Updated 06/09/2016 01:12 EDT

Lululemon's direct-to-consumer sales a growing portion of retailer's revenue

VANCOUVER - Lululemon Athletica inc. (NASDAQ:LULU) says its first quarter revenue was up 10 per cent from the same time last year, with much of the growth coming from its direct-to-consumer sales operations. The Vancouver-based clothing company had US$423.5 million of revenue during the three-month period, up from US$384.6 million. Direct-to-consumer revenue increased 27 per cent US$83.6 million — or nearly one-fifth of the total. Lululemon's profit was US$47.8 million or 34 cents per share, which was up from $19 million or 13 cents per share a year before.

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