Better Buy: Lululemon Athletica vs. Nike Stock
They compete in similar niches, and investors have found good reasons to like both Nike (NYSE: NKE) and Lululemon (NASDAQ: LULU) stocks in 2023. Both companies beat Wall Street's expectations in early 2023 thanks to solid demand trends for footwear and athleisure products. And further gains are likely for the year even as economic growth slows.
But which stock would make the better addition to your portfolio today? Let's dive right in.
There were no signs of an impending growth slump for either business as of early 2023. Nike in mid-March announced accelerating sales growth as revenue jumped 19% after adjusting for currency exchange rate swings. Similarly, Lululemon beat management's upgraded outlook by posting a 33% sales spike through late January.
Source Fool.com
