Where Will Lululemon Be in 5 Years?
Over the last five years, shares of lululemon athletica (NASDAQ: LULU) have soared 550%, but it's not the end of the journey for this emerging athletic apparel powerhouse. Lululemon still has huge growth opportunities across international expansion, new categories, and continued development of its omnichannel strategy.
Here's a deeper dive into each of these long-term growth drivers.
Lululemon has been executing its five-year growth plan, which involves doubling its men's and e-commerce businesses from fiscal 2019 levels by fiscal 2023. The coronavirus pandemic slowed its progress this year, with total revenue up just 2% in the fiscal second quarter, but Lululemon should still reach those goals within the planned five years.
Source Fool.com
