By Kuldip K. Ambastha
On Thursday, September 9, 2021, the stock of Lululemon Athletica Inc. (LULU) had a gain of +10.5%. Lululemon Athletica is a prominent company in the athletic apparel and accessories sector, focused on product offerings for yoga, running, and other physical pursuits. A strongly positive 2Q2021 earnings announcement drove the gain in Lululemon Athletica’s stock price. Despite supply chain issues, figures related to earnings, sales revenues, gross profit, store traffic, and so on exceeded expectations. The coronavirus pandemic is still present as a big public health issue. Nonetheless, Lululemon Athletica was still able to perform well, and Wall Street equity research analysts now expect even better performance going forward.
Keywords – Lululemon Athletica Inc., Lululemon Athletica, Lululemon, athletic, athletics, apparel, accessories, yoga, running, physical pursuits, sports, 2Q2021, supply chain, earnings, sales revenues, gross profit, store traffic, performance.
Disclosure – The principals and clients of Ambastha Financial LLC have no positions in LULU.
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