Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Shivani Kumaresan

Lululemon Athletica Aims To Double Revenue By 2026

LULU (Organization) Lululemon Calvin McDonald Lululemon Athletica Inc Nasdaq
  • Lululemon Athletica Inc (NASDAQ:LULU) plans to double its 2021 revenue of $6.25 billion to $12.5 billion by 2026.
  • The company also plans to double men's and digital revenues and quadruple international revenues relative to 2021.
  • Lululemon expects its women's business and North American operations to generate low double-digit compound annual growth rates (CAGR) in revenue over the next five years.
  • The company said it is on track to achieve 2023 revenue and earnings growth targets ahead of schedule.
  • "The success of our Power of Three formula in delivering on our 2023 growth strategy supports our goal to double the business over the next five years," said CEO Calvin McDonald.
  • Also Read: Lululemon Signs First Golfer And You Won't Believe Who It Is
  • Price Action: LULU shares are trading higher by 2.06% at $413.00 in premarket on the last check Wednesday.
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
ChatGPT’s use of a soundalike Scarlett Johansson reflects a troubling history of gender-stereotyping in technology
Actress Scarlett Johansson released a statement this week expressing anger and concern that OpenAI used a voice “eerily similar” to her own as a default voice for ChatGPT.
The Conversation
The Conversation
Host Patton Oswalt On How To Win on ‘The 1% Club’ Game Show
Actor and comedian had never seen himself as game show host
Broadcasting & Cable
Broadcasting & Cable
Khloé Kardashian Says Kris Jenner Once Vomited on Her After Getting "S**t-Faced"
The Good American founder was driving her mom home aged 15.
Marie Claire
Marie Claire
The internet is disappearing, with a quarter of all webpages from 2013 to 2023 going the way of the dodo
The internet never forgets. Except, y'know, when it does.
PC Gamer
PC Gamer
Drew Barrymore has designed homeware we 'don't often see' – and these stand-out pieces are discounted now
Actress, talk-show host, furniture designer: Barrymore is changing how we decorate, and the process begins with these reduced furnishings
Homes & Gardens
Homes & Gardens
The Witcher season 4 clip reveals first look at Liam Hemsworth's Geralt, and fans have thoughts on Henry Cavill's successor
Henry Cavill's Geralt replacement has finally been unveiled by Netflix, and viewers have had plenty to say about the reveal.
TechRadar
TechRadar
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play