2024-03-25 13:16:35 ET
Summary
- Lululemon is a global retailer known for its premium athletic apparel and accessories, with over 700 stores and annual revenues exceeding $9.5 billion.
- The company experienced notable growth in sales, particularly internationally, and beat expectations in its recent earnings report.
- Despite lower growth expectations for the coming year, Lululemon remains attractive from a fundamental standpoint and the recent stock price decline may present a buying opportunity.
Established in 1998, Lululemon Athletica Inc. ( LULU ) is a prominent global retailer renowned for its premium athletic apparel and accessories. Boasting over 700 stores worldwide and annual revenues exceeding $9.5 billion, Lululemon has emerged as a leader in the athleisure industry. With a robust online presence and a diverse product portfolio catering to yoga, running, and other fitness activities, the brand continues to attract a wide customer base. Additionally, Lululemon's commitment to sustainability further enhances its appeal among environmentally-conscious consumers....
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Lululemon: Why We Think The Selloff Provides An Opportunity