Where Will Lululemon Stock Be in 3 Years?
Lululemon Athletica (NASDAQ: LULU) recently closed out an impressive fiscal 2022. Despite major supply and cost challenges, the athleisure-wear specialist managed to beat fourth-quarter sales and earnings targets as revenue jumped over 30% year over year. Profitability ticked higher, too, further separating Lululemon from peers such as Nike (NYSE: NKE).
These wins give the company solid momentum heading into fiscal 2023. But even better returns are possible for investors who hold the stock for several years. Let's take a closer look at Lululemon's longer-term prospects.
Wall Street was worried about Lululemon's holiday season after the company, in mid-January, lowered its short-term profitability outlook. Those concerns were overblown.
Source Fool.com
