Can Lululemon Soar Where Peloton Stumbled?
With Peloton Interactive (NASDAQ: PTON) struggling to reignite revenue and subscriber growth after coming off its pandemic highs, it seems a misstep for Lululemon Athletica (NASDAQ: LULU) to start offering its own subscription-based workout classes.
Yet the athleisure-wear leader promised at its recent analyst day event to double revenue to $12.5 billion by 2026, and part of the plan is for Lululemon to go after a slice of what looks like an increasingly shrinking pie.
Image source: Mirror.
Source Fool.com
