3 Things Investors Should Know About Lululemon
Athletic apparel retailer lululemon athletica (NASDAQ: LULU) crushed it over the holidays. Its momentum during the period was so notable that management recently lifted his forecast for revenue, earnings per share, and comparable sales growth for its fiscal fourth quarter, which ends Feb. 2.
"We're excited by the momentum in our business over the holiday period with guests responding well to our innovative merchandise offerings," said Lululemon CEO Calvin McDonald in a press release about management's updated outlook for the period.
The stronger-than-expected holiday period brought fresh attention to the stock, drumming up excitement for shares that were already on a tear. The stock's price surged 91% in 2019 -- and it's already up 4% year to date in 2020.
Source Fool.com
