1 Having grown revenue from $3.3 billion in 2018 to $6.25 billion in 2021, the Company will continue to focus on its three strategic pillars to fuel revenue growth over the next five years: Following our compelling track record of delivering against our goals, I am excited about taking our growth strategies to the next level to serve more and more guests around the world.”ĭoubling Down on the Core Drivers of Success: Product Innovation, Guest Experience and Market Expansion to Achieve $12.5 Billion by 2026įrom 2019 to 2021, in the adult active apparel industry, lululemon gained more market share globally than any brand in this industry, across the markets that The NPD Group tracks. “We remain early in our growth journey, with our strong product engine, proven ability to create enduring guest relationships, and significant runway in core, existing, and new markets. “The success of our Power of Three formula in delivering on our 2023 growth strategy supports our goal to double the business over the next five years,” said Calvin McDonald, Chief Executive Officer. The Company’s women’s business, store channel, and North American operations will continue to play an important role in the strategy, with women’s and North America each expected to generate low double digit compound annual growth rates (‘CAGR’) in revenue over the next five years, while stores are expected to grow in the mid-teens. The Company’s Power of Three ×2 growth strategy includes a plan to double men’s and digital revenues, and to quadruple international revenues relative to 2021. It expects significant growth across key pillars including product innovation, guest experience, and market expansion. Leveraging its proven formula and supported by the Company’s commitment to its Impact Agenda, the Company plans to double its 2021 revenue of $6.25 billion to $12.5 billion by 2026. (NASDAQ:LULU) today announced its new Power of Three ×2 growth strategy. VANCOUVER, British Columbia-(BUSINESS WIRE)-īuilding upon the momentum of the last three years and having successfully delivered its overall revenue and earnings goals early, lululemon athletica inc. Plan builds upon the company’s successful Power of Three formula to accelerate growth and drive value creation Growth strategy to 2026 includes plans to double men’s, double digital, and quadruple international revenues, while continuing to grow core areas of the business Working With Our Suppliers to Create Meaningful ChangeĬompany on track to successfully achieve 2023 revenue and earnings growth targets ahead of schedule.
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