Lululemon hits share price record high

By baddey dey`
Trumping Wall Street expectations once again, Lululemon’s shares have risen as much as 14% to a new record high, the Financial Post reported
The Canadian athletic apparel retailer recently posted its financial results for the second quarter of 2018, revealing a year-on-year increase of 25% to reach a net revenue of US$723.5mn.
According to the Financial Post, Lululemon has outperformed predictions for: “net sales for the past eight quarters; adjusted per-share earnings in six consecutive reporting periods; [and] comparable sales on a constant currency basis in the last five quarters”.
Lululemon’s 2020 net sales target is US$4bn, a figure which analysts say is very much achievable.
Bloomberg Intelligence commented, “Lululemon’s strength reinforces our view of it as a best-in-class retailer that can exceed expectations through its focus on product innovation and experience”.
See More:
“We are increasingly positive on Lululemon’s growth prospects over the next few years”, Bernstein said. “From a share perspective though, we worry that we may have missed it”.
RBC Capital said that Lululemon’s growth shows “top line momentum, expanding margins, scarcity of growth premium, and attractive category fundamentals”.
“We see Lulu defining the prototype omni-channel model to which consumer brands should aspire”, Stifel said, compounding the widespread belief that Lululemon is an exceptionally bankable retailer.

Featured Articles

Possibilities endless as generative AI takes centre stage

Generative AI is already playing a pivotal role in the way companies are run; the only question is how quickly it can be integrated into everyday tasks

Why companies should be preparing for scope 3 reporting

With a decision looming on the SEC’s proposed changes to climate-related disclosures, leaders should be examining supplier sustainability credentials

People over profit is steering business in a new direction

An unsettling few years has resulted in more and more companies hiring Chief People Officers to implement a culture that prioritises employee wellbeing

Databricks: The phenomenal rise of a data and AI heavyweight

Technology & AI

Business Chief expands portfolio with new look and coverage

Leadership & Strategy

Google at 25: The remarkable rise of a technology colossus

Technology & AI