Helped by its high-priced premium apparel products, Lululemon Athletica (NASDAQ: LULU) has found tremendous financial success. Both revenue and net income have consistently soared at double-digit rates, pushing its shares up 215% over the past five years, a gain that easily beats that of the Nasdaq Composite.

This year has been rewarding, too, with the shares up 18% so far in 2023. Yet, they are still about 21% below their all-time high reached in November 2021. Let's take a closer look at this popular apparel business.-- and why this is still a top growth stock to consider buying right now.

Lululemon's growth has been nothing less than outstanding. In the three-year period through January 2023, sales increased at a compound annual rate of 26.5%. And it's all the more impressive considering that this stretch included the coronavirus pandemic, supply chain bottlenecks, high inflation, rising interest rates, and ongoing economic uncertainty.

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Source Fool.com