2024-04-04 02:13:36 ET
Summary
- Lululemon Athletica's Q4 performance exceeded expectations, with revenues rising 16% and gross margins growing by 430 bps.
- The company's FY24 guidance fell short of analyst estimates due to soft demand in the US and planned investments in brand awareness.
- LULU's growth in China remains impressive, with significant room for expansion, and the company continues to prioritize innovation.
Introduction
The last time I wrote about Lululemon Athletica (LULU), back in January 2024, I focused on the company's third-quarter performance and highlighted how the company's unique strategies, such as its membership program and partnerships, are boosting sales and building a loyal fanbase. I had a BUY rating on the company....
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For further details see:
Lululemon Athletica: Incessant Selling Is Unwarranted