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Company Spotlight

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Lululemon Athletica jumped to an all-time high Thursday after the athletic apparel retailer blew past Wall Street’s second-quarter forecasts and raised its sales and profit guidance.

Vancouver, Canada-based Lululemon earned $1.65 per share in the period, easily topping analysts’ forecast of $1.19 per share. Lululemon also exceeded sales projection­s in the period and raised its full-year sales forecast to as much as $6.26 billion, ahead of Wall Street estimates.

"We launched exciting new products, experience­d strength across channels and geographie­s, and announced new partnershi­ps that will allow us to become a leader in product sustainabi­lity,” said CEO Calvin McDonald.

Lululemon, which had been known mostly for yoga tights, expanded its reach last year, buying the interactiv­e workout company Mirror as the world worked out at home during the pandemic.

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