Shares of Lululemon Athletica (LULU) ended Thursday's trading session with strong gains of over 7%. The manufacturer and distributor of its famous athletics and yoga apparel reported its third quarter results before the market open.
Third Quarter Results
Lululemon reported third quarter results of $316.5 million, up 37% on the year before. Sales were driven by a 18% increase in same store sales in constant currencies. Lululemon reported a spectacular 89% growth in direct to consumer revenues, coming in at $45.1 million. Revenues came in ahead of analysts' consensus of $305.1 million.
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