2 Reasons Lululemon Just Became More Valuable
lululemon athletica (NASDAQ: LULU) has been a top growth stock for a while now. Although the company posted a 17% decline in revenue in the first quarter ended May 3 (related to the coronavirus pandemic), it fared better than competing companies such as Nike, which posted a 38% decline in sales in its most recent quarter (fiscal Q4), and Under Armour, whose sales dropped 23% in the first quarter.
Here are two reasons we can expect Lululemon to get back up and dust itself off pretty quickly to return to its more typical growth pattern.
Athleisure, or athletic apparel that can be worn in various everyday settings, continues to grow in prominence as a retail trend. Lululemon, which has already proved itself as an innovator in the industry, is poised to benefit from this movement.
Source Fool.com
