Stretchy pants, stretchy earnings... Lululemon's stock rose 5% Wednesday on a report that sales jumped 20% last quarter compared to the year before. Here are the different asanas that contributed to that growth:
This is vintage Lulu... It constantly introduces new products, but last quarter was driven by its OG flagship goods — women's leggings and jogger pants. At $100+, they're more expensive than the competition, but the CEO has no plans to lower the price. He even boosted his expectations for profits for the rest of the year.
Mo' men, mo' money... Lulu profits hit a record $97M last quarter driven by sales to women. But this past spring, the CEO released an aggressive 5-year plan with a bold goal: Double men's sales by 2023. He's also pushing the Lulu lifestyle with clothing-free deodorant and sneakers. Plus there's expansion to China and Europe. Operation power flow.