Capacity Restrictions Will Limit Lululemon's Growth in Q4
The growth rebound is gaining steam at lululemon athletica (NASDAQ: LULU). The athleisure and sportswear specialist announced sharply higher sales on Dec. 10 thanks to its booming online selling channel. Gains in that segment more than offset customer traffic declines while COVID-19 pressured in-store shopping volumes.
The results paint a bright picture for the holiday shopping season that recently started, although CEO Calvin McDonald and his team are staying cautious about the short-term growth outlook as the pandemic keeps capacity restrictions on its stores.
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Source Fool.com