Is It Time to Buy the Dip in Lululemon Stock?

There's little to complain about Lululemon Athletica's (NASDAQ: LULU) performance over the last five years. At least, not after excluding the ill-timed acquisition of at-home fitness start-up Mirror during the pandemic. I forgive Lululemon. We all made some regrettable purchases in 2020.

In all seriousness, though, the company is putting up incredible numbers and has become a standout investment in the apparel industry. After the recent stock price dip following the last earnings update for 2023, it's getting harder to ignore this company regardless of whether investors place themselves in the growth or value camp.

Let's review. Lululemon's rate of expansion outside of its North American home turf is nothing short of incredible for a company of this size. And given that most of its sales are still concentrated in the Americas and China, there's plenty of room for further growth.

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Source Fool.com