Lululemon Athletica Reaches Inflection Point in E-Commerce Business
Some investors might have thought lululemon athletica's (NASDAQ: LULU) e-commerce business couldn't get any better than the fiscal first quarter, but it did. E-commerce sales accelerated again to a triple-digit growth rate and made up 61% of total revenue during the fiscal second quarter. That is up from 25% in the year-ago quarter.
Management sees e-commerce growth remaining at elevated levels, though not as high as the recent quarter, which could be beneficial to Lululemon's bottom line beyond COVID-19.
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Source Fool.com
