3 Reasons Lululemon's Growth Is Accelerating
Investors expected lululemon athletica (NASDAQ: LULU) to deliver a large increase in revenue over the year-ago weakness, but fiscal first-quarter results still exceeded expectations.
Revenue grew 88% year over year to reach $1.23 billion. Adjusted earnings per share were $1.16, beating the street's estimate of $0.91 and accelerating to a growth rate of 404% compared to the year-ago quarter.
While Lululemon benefited from an easy year-over-year comparison, the brand is experiencing stronger momentum in 2021 than it did in 2019, before the pandemic. Lululemon's revenue has increased 25% on a two-year annualized basis, up from a 19% compounded rate when measured against results going back to the first quarter of fiscal 2018.
Source Fool.com
