- Lululemon plans to reach $1 billion in international sales by 2020.
- Analysts at Oppenheimer believe that company is well on its way to getting there thanks to its strong fundamentals.
- Although former CEO and chairman Laurent Potdevin abruptly resigned over allegations of fostering a “toxic” work culture in February, the analysts believe that the company’s fundamentals are still strong.
Lululemon has set its sights on reaching $1 billion in international sales by 2020, and its well on its way to getting there, analysts at Oppenheimer say.
According to its third-quarter results, the athleisure retailer’s sales in Asia doubled in the third quarter, while in Europe they were up 40%. The company reported total…