Lululemon Renews Contract With Xponential Fitness, Boosts Customer Offering

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Lululemon Athletica Inc LULU Xponential Fitness Inc XPOF renewed their partnership to introduce a vast selection of digital workouts at lululemon Studio.
As per the deal, Xponential Fitness will boost the number of workouts from Pure Barre, Rumble, AKT, and YogaSix on the lululemon Studio platform, enhancing the offerings available to the members.
"Our guests are looking for hybrid fitness options, and this extension of our partnership will enable them to continue to access workouts from Pure Barre, Rumble, AKT, and YogaSix both digitally and through in-person fitness experiences," said Celeste Burgoyne, President, Americas and Global Guest Innovation at lululemon.
Last week, LULU reported Q1 2023 revenue of $2 billion, beating the Street consensus estimate of $1.92 billion, and EPS of $2.28 exceeded the consensus of $1.98.
Related: Lululemon Stock Draws Praise From Analysts After Q1 Results: 'Ample Runway For Growth'
LULU ended the first quarter with $950.6 million in cash.
Also Read: Amid Macro Headwinds, Lululemon Shines Bright With Topline Growth And Broad-Based Momentum: Morgan Stanley
Price Action: LULU shares are trading higher by 0.12% at $356.87 on the last check Tuesday.