Could Lululemon Be a Millionaire-Maker Stock?
Lululemon Athletica (NASDAQ: LULU) has likely helped mint a few millionaires since its public debut in 2007. A $20,000 investment in the Canadian yoga and athleisure apparel maker's initial public offering back then would be worth about $1.02 million today. The company has carved out a sizeable niche in the market with its high-end products, fostered brand loyalty with free yoga classes and other events, and expanded its direct-to-consumer business to curb its dependence on wholesale retailers.
From fiscal 2007 to fiscal 2022 (which ended last January), Lululemon's revenue rose at a compound annual growth rate (CAGR) of 26% as its net income grew at a CAGR of 25%.
That past performance was incredible, but can Lululemon keep it going and mint even more millionaires over the next two decades?
Source Fool.com
Lululemon Athletica Inc. Stock
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