Why lululemon athletica Is Still Opening New Stores
Investors were disappointed in the second-quarter earnings results for lululemon athletica (NASDAQ: LULU). The athletic apparel specialist posted strong sales results for the period despite customer traffic pressures tied to the coronavirus pandemic. But its earnings decline, plus a cautious outlook for the rest of 2020, had Wall Street focused on short-term risks.
CEO Calvin McDonald outlined those risks in a conference call with analysts while explaining why management is feeling confident that the worst of the pandemic's impact is behind the business. Let's look at some highlights from that discussion.
Source Fool.com