1 Key Reason Lululemon Is an Unstoppable Stock
Over the past five years, shares of Lululemon (NASDAQ: LULU) have soared 287% (as of the afternoon of Jan. 10), which quintupled what the broader S&P 500 returned. That's some incredible outperformance. And it's something that all investors are certainly trying to achieve with their own individual portfolios.
Digging a bit deeper, it's clear there's one important reason for Lululemon's remarkable success. Let's take a closer look at what shareholders must know about this leading apparel stock.
The global sportswear market, according to data provided by Statista, is valued at $380 billion today. And it is forecast to be worth $455 billion in 2027. This translates to an annualized gain of just 3.7% for the overall industry. That's still a healthy advancement, but it isn't jaw-dropping growth.
Source Fool.com
