Tag: Exceeding

The Mirror Acquisition Is Already Exceeding Lululemon’s Expectations

lululemon athletica (NASDAQ:LULU) is starting to return to its pre-pandemic growth levels. Over the last three quarters, the business has steadily improved with revenue growth reaching 24% in the most recent quarter. But one of the highlights of the recent earnings report was the performance of Mirror, the interactive fitness company that Lululemon acquired for $500 million last year.

“While the business is still in its early stages and represents less than 5% of our total revenue, Mirror sales exceeded our initial expectations in 2020,” Lululemon CFO Meghan Frank said during the fiscal fourth-quarter earnings call. 

Lululemon now sees an

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