Lululemon reports a 79% jump in China sales

Lululemon Athletica was off to a great start in 2023—and China is a big reason why. The Vancouver-based activewear company reported a strong first quarter and an upbeat forecast for the year ahead, driven in large part by a resurgence in demand from one of its key markets. Lululemon’s sales were up 24% to $2 billion, compared to analyst expectations of $1.93 billion. Of this, China’s revenue alone grew 79% the last quarter versus the same period last year, pointing to the return in the demand for high-end products in...