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Sales continued to grow for Lululemon Athletica according to its third quarter results, with a 22% increase in net revenue compared to the third quarter of 2019.
In 2019, the athleisure maker paid its executives between $2 million and $11.3 million. For most Lulu executives, long-term awards made up more than half of total reported compensation.
The athleisure firm has seen sales soar as the pandemic increased demand for stay-at-home wear.
Quarantine has been a success for athleisure brand Lululemon Athletica comfy work-from-home attire and the at-home fitness boom have fueled sales during the pandemic. Third quarter results showed a 22% increase in revenue when compared to the third quarter of 2019, with revenue at $1.1 billion.