Lululemon Athletica Inc. (NASDAQ:LULU) reported its Q3 results, with adjusted EPS coming in at $1.62, beating the consensus estimate of $1.39. Quarterly revenue grew 30% year over year to $1,450 million, compared to the consensus estimate of $1,431 million.

Quarterly results demonstrated strength across the business with the store channel up 10% on a two-year CAGR basis (improving from up 9% in Q2 and 3% in Q1) as store productivity outpaced 2019 levels, while DTC continued its momentum (up 54% on a two-year CAGR basis).