Canadian sportswear brand Lululemon's stock price soars!

According to foreign media reports, the stock price of Canadian clothing brand Lululemon rose by more than 13% in early trading on Thursday, setting a record high of $434.22 in a single day . At the same time, its sales in North America increased by 63% year-on-year in the second quarter , and international sales increased by 49% . The company said it is expected to achieve its 2023 revenue target two years ahead of schedule.

Its second quarter revenue by region:

Revenue in the United States was $996 million; in Canada, it was $217 million; and outside North America, it was $238 million.

By product type:

Women's products revenue was $969 million; men's products revenue was $363 million; and other categories revenue was $119 million.

According to Lululemon's financial report, e-commerce revenue in the second quarter increased to US$597 million, accounting for 41% of total revenue in the second quarter, based on a 157% increase in 2020. Lululemon has achieved its goal of doubling its e-commerce business in 2020 and has been far ahead of its competitors in digital growth.

Lululemon is currently investing more and more in its digital channels and has successfully achieved the connection between online and offline. Analysts at Jane Hali & Associates said in a report that the store's shopping experience is very good, especially the integration of the two channels, which provides a complete community atmosphere.

Lululemon's suppliers are mainly in Vietnam. However, due to the epidemic in Vietnam, there has been a large-scale shutdown in the area. Some analysts predict that although Lululemon has recently faced supply chain tensions in Vietnam, its executives and analysts are still confident in the company's ability to resist risks.

Lululemon was founded by Chip Wilson in Vancouver, Canada in 1998. It is a technical sportswear company for men and women inspired by yoga. When it was first founded, it was a design studio and a yoga studio. In November 2000, it became an independent store on West 4th Avenue in the Kitsilano community of Vancouver. As more and more people take exercise as a hobby, its clothing has been loved by many consumers, especially in the field of women's sportswear.

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