April 23, 2021
Business News

Lululemon beats revenue estimates on home workout wear demand

(Reuters) -Lululemon Athletica Inc beat quarterly revenue estimates on Thursday, as customers spent more on yoga pants and athleisure apparel for home workouts during the COVID-19 pandemic.

Robust demand for home workout wear has been the driving force behind the company’s growth as consumers prefer socially distant workouts due to the pandemic.

The company has also been ramping up marketing spending on Mirror, acquired earlier this year for $500 million, to capitalize on booming demand for online…

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