Categories Retail, U.S. Markets News

Lululemon launches new personal care product line

Lululemon Athletica Inc. (NASDAQ: LULU) has launched a new personal care product line with four new products in an effort to expand outside its core apparel category. The products include a dry shampoo, deodorant, face moisturizer and lip balm.

The new products will be available online on the company’s website, in 50 lululemon stores, at select studio partners across North America, and on

Lululemon topped expectations on its first quarter 2019 results announced last week. Revenue rose 20% while earnings improved 34% year-over-year. Total comparable sales increased 14%. The company is seeing good growth across its core categories.

For both the second quarter and full year of 2019, the company expects total comparable sales to increase in the low double digits on a constant dollar basis.

Two months ago, the retailer disclosed its five-year growth plan called “Power of Three” which will run until 2023. As part of the strategy, the three new focus areas in the near future will be menswear, digital sales, and international expansion.

Lululemon’s shares have climbed 54% year to date and 32% over the past three months. The stock was up 2.3% in afternoon trade on Tuesday.  

Follow our Google News edition to get the latest stock market, earnings and financial news at your fingertips.

Most Popular

Cost reduction has become a priority for FedEx (FDX) after a challenging quarter

Shares of FedEx Corporation (NYSE: FDX) were up 1% on Tuesday. The stock has dropped 44% year-to-date and 34% over the past 12 months. The company delivered mixed results for

Prime Medicine is the next big biotech to pursue IPO. Here’s all you need to know

After a soft start to the year, the IPO market has witnessed muted activity so far though a few big companies entered the stock market. On the heels of AIG

Stock Watch: Is Darden Restaurants a good buy after earnings?

After a prolonged slowdown, the restaurant industry is returning to normal patterns but macroeconomic uncertainties and high inflation are currently playing spoilsport for it. While the pandemic-related slump forced many

Add Comment
Viewing Highlight