Lululemon Athletica Inc. Shares Soar on Robust Q3 Financial Results

The shares of Lululemon Athletica Inc. experienced a significant surge on Friday, following the release of their impressive third-quarter financial results for 2024.

The athletic apparel company revealed that its revenue had increased by 8.7%, reaching an impressive $2.39 billion. Additionally, Lululemon reported a gross profit of $1.4 billion, both figures surpassing Wall Street's forecasts, which had predicted revenue of $2.35 billion and gross profit of $1.35 billion.

As a result of these strong financial results, the retailer's stock rallied 18.67% at 1:08 pm ET, selling for $409.18 per share.