Lululemon recently released its fourth quarter results. It is expected that the sales and profits in the three months to January 31 will exceed expectations, mainly due to the continuous rise in consumer demand for sports and leisure clothing.
Calvin McDonald, chief executive of lululemon, said in a statement that the group is full of confidence in 2021 and will continue to implement its growth plan to achieve greater breakthroughs. Lululemon’s share price rose 1.2% after the news, and its current market value is about $47.1 billion.
