Why You Should Buy Lululemon Hand Over Fist
The world of retail is getting beat up this year by inflation and shifting consumer spending habits in response. But Lululemon Athletica (NASDAQ: LULU) customers are apparently asking: What inflation?
Shares of the athletic wear company rallied by a double-digit percentage after its second quarter earnings update (though the stock remains 27% off all-time highs). Management had predicted sales would be as high as $1.78 billion in the quarter, but the actual result was $1.87 billion -- a 29% year-over-year increase. Additionally, Lululemon was able to maintain its healthy profit margin.
In a world that is gripped with fear over slowing economic growth, inflation, and rising interest rates, Lululemon just might be able to help jolt your portfolio back into growth. Here's why this top consumer goods stock is a buy.
Source Fool.com
