3 Reasons Investors Should Buy and Hold Lululemon Stock
Shares of Lululemon Athletica (NASDAQ: LULU) are underwater for the year, but a better-than-expected earnings report sent the stock surging. The stock is currently down 4.8% year to date, outperforming the Nasdaq Composite that is down 8.2%.
Despite near-term economic uncertainty, Lululemon remains on offense. Here are three highlights from the quarter that should encourage investors to buy and hold this top retail stock.
On a two-year compounded basis, Lululemon's fiscal fourth-quarter revenue increased 23%. Total revenue for the full year crossed $6 billion for the first time. But note that Q4's rate of growth is higher than Lululemon's performance in fiscal 2015 when revenue grew 15% to reach $2.1 billion for the year.
Source Fool.com
