Forget Zoom Video, Buy Lululemon in 2021
lululemon athletica (NASDAQ: LULU) stock has been a juggernaut of an investment, delivering 589% in returns over the last five years. The athleisure company has dominated an industry that continues to garner consumer attention, with the advent of remote work only helping the trend. As we've watched formal-wear companies like Tailored Brands go into bankruptcy as overall demand for business attire has diminished, casual clothing companies like Lululemon have flourished.
Lululemon has delivered yearly double-digit percentage sales growth for five years. The company finished fiscal 2019, which ended last February, with a 21% increase in revenue to $4 billion. Operating income increased a comparable 22.3% year over year, while earnings per diluted share jumped 36.5% to $4.93.
Throughout fiscal 2020, Lululemon's growth story hasn't been stopped by the COVID-19 pandemic. Through the three fiscal quarters that ended Nov. 1, revenue was still up a weak 3.5% year over year to $2.67 billion, but the third quarter saw some acceleration. Revenue increased 22% year over year to $1.1 billion, while total comp sales grew 19%.
Source Fool.com
