Lululemon closed 2021 achieving the highest turnover in its history: 6.3 billion dollars
(3-30-2022) The sportswear multinational Lululemon Athletica, based in Vancouver, closed 2021 as the best year in its history in terms of billing. The company entered 6,300 million dollars, 42% more than in 2020.
Historic year for Lululemon Athletica. The Canadian sportswear company achieved record sales of 6.3 billion dollars, 42% more than in 2020, a year that closed with a turnover of 4.4 billion. It also exceeds the 2019 financial year by 57% (3,979 million). The banner closed its fiscal year on January 30, 2022.
As a result of this increase in billing, Lululemon has skyrocketed its profits to 975 million dollars, which represents an increase of 65% in relation to the profits obtained in 2020 (588 million) and 51% in relation to 2019 ( 645 million).
“2021 was another successful year for Lululemon, which speaks to the enduring strength of our brand and our ability to deliver sustained growth across our entire business model,” said Lululemon CEO Calvin McDonald. “We are proud to have surpassed $6 billion annually for the first time, which is impressive given this challenging macroeconomic backdrop.”
Lululemon also offers home gym sessions and a ‘Mirror’ device for training, which has helped them reach all-time highs in revenue and profitability.
In the United States it increased its sales by 40%, while in the rest of the world it did so by 53%.
It expects to grow 20% in 2022
The company, which currently manages a network of 574 stores after opening 53 new points of sale last year, expects to grow this 2022 between 24% and 26% in the first quarter and between 20% and 22% in the global of the year, which would translate into income of between 7,490 and 7,615 million euros.
