5 Reasons Investors Should Buy Lululemon's Post-Earnings Dip
lululemon athletica's (NASDAQ: LULU) stock recently tumbled after the company released its third-quarter earnings report. The sell-off was surprising since the athletic apparel maker beat analysts' estimates on the top and bottom lines.
Lululemon's revenue rose 23% annually to $916 million, beating estimates by $19 million and marking its second straight quarter of accelerating sales growth. Its earnings rose 28% to $0.96 per share and cleared expectations by three cents.
Those headline numbers look solid, so let's discuss five reasons investors should consider buying Lululemon after its post-earnings dip.
Source Fool.com
