Lululemon Sales Bonanza Gains Steam as New CEO Takes the Reins
- Comparable-store sales rose 19 percent, maintaining strength
- Shares jump as much as 8.2 percent in extended market trading
Photographer: Michael Nagle/Bloomberg
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Lululemon Athletica Inc. raised its full-year revenue and profit projections after once again beating sales forecasts in the second quarter. It’s a sign that Chief Executive Officer Calvin McDonald clearly has the wind at his back as he takes over.