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ADDDF - Lululemon: Take Your Profit Ahead Of Q1 Earnings
Adidas AG
Lululemon's share price more than doubled since it's low on March 16 from $139/share to $300/share and exceeded its pre-COVID highs, while S&P 500 return was 28% for the same period. Now is the good time to take profit on the stock ahead of its earnings announcement, which will show the first impact of COVID-19 on sales and the bottom line.
The reason for the share price recovery to pre-crisis levels are the expectations from the investment community that Lululemon will profit from WFH policies as the customers will buy more athleisure wear through its