Financial reporting

Lululemon exceeds $8bn in revenue, but impairment charge lowers FY profitability

By 2023-03-29T13:58:00

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Citing its balanced growth across channels, categories, and markets, Lululemon reported annual revenue growth of 30 percent in FY22 to $8.11 billion from $6.26 billion, with North American sales increasing 29 percent and jumping 35 percent everywhere else. But the group’s decision to take a $407.9 million impairment charge related ...

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