Athleta’s Q3 Sales Jump 35 Percent

November 24, 2020

Net sales were flat year-over-year at $4.0 billion, above Wall Street’s consensus estimate of $3.80 billion. The performance reflected a 61% increase in online sales, offset by a 20% decline in store sales. Notably, 40% of the company’s sales were online in the third quarter. Athleta operated 198 stores at the quarter’s close, opening 10 and closing two during the year. SGB Media