Lululemon stretches again in Q1 as sales rise 20%

Lululemon Athletica on Wednesday reported that first quarter net revenue rose 20% year over year to $782.3 million. E-commerce net revenue rose 33%, and was 26.8% of total net revenue, up from 24.3% in the year-ago period, according to a company press release. Total comparable sales rose 14%, with store comps up 6%. The retailer opened 15 stores in the quarter and now runs 455.
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