Is Lululemon Stock a Buy Before the End of 2022?
The stock chart may not be reflecting it, but Lululemon Athletica (NASDAQ: LULU) is having an incredible year. Through the first nine months of 2022, revenue for the apparel company is up 29% to $5.34 billion, and net income is up 36% to $735 million. Shares sold off after the last earnings report on weaker-than-expected guidance for the busy holiday shopping season. Lululemon expects Q4 sales to jump "only" another 25% year over year.
With just a couple of weeks left to go, shares have now fallen nearly 17% in 2022. Now could be a great time to add this top athletic wear stock to your portfolio before 2023 begins. Here are three reasons why.
Lululemon is still growing at a strong pace on its home turf (uh, or home yoga mat) in North America. But international expansion is especially promising, even in difficult economic times for the global economy.
Source Fool.com
