Lululemon continues to believe in Chinese market opportunities

In the fourth quarter, revenue from Chinese mainland increased more than 30% versus last year and over 50% on a three-year compound annual growth rate basis, said CEO McDonald. — Bloomberg

SHANGHAI: The athletic apparel brand Lululemon Athletica Inc has been optimistic toward the rising opportunities in the China market this year, as it recorded considerable growth in 2022, according to its financial results released on Wednesday.

Announcing its financial results during the earnings call on the fourth quarter and fiscal year ended Jan 29, Lululemon chief executive officer Calvin McDonald said the company’s potential in the market continues to be significant.