Lululemon revenues for the third quarter increased by 28 percent. Net revenues in North America were up 26 percent for the quarter, year over year and 41 percent internationally. Revenues in mainland China grew nearly 70 percent during the quarter.

Lululemon is a Canadian athletic apparel, accessories and footwear maker. Total comparable sales rose 22 percent while comparable store sales were up 14 percent during the quarter. Direct-to-consumer net revenues — which represent 41 percent of total company revenues — grew 31 percent. Both the men’s and the women’s business grew during the quarter, up 28 percent and 23 percent, respectively, while accessories was up 52 percent, year over year. In-store traffic grew 25 percent, year over year, while traffic to the e-commerce business rose 50 percent.Third quarter ending inventory grew 85 percent. But the company made the decision to stock up on product last year in order to capture growing guest demand.Inventory levels were too lean last year but now Lululemon is well positioned to be in stock throughout the holidays.The company delivered a quarter of strong sales and earning growth, despite a dynamic operating environment, and looks forward to a strong finish to the fiscal year.