Here's How Lululemon Plans to Double Revenue by 2026
Over the past five years, shares of athleisure pioneer Lululemon (NASDAQ: LULU) have skyrocketed over 500%, easily crushing the 88% total return produced by the S&P 500 index. This past performance is no doubt impressive, but shareholders have a lot to be excited about looking ahead.
During a recent analyst day presentation, Lululemon revealed its five-year financial outlook, in which management officially set a target to double annual sales by fiscal 2026. At first, this forecast might seem like a lofty goal, but I believe that it is completely doable.
Let's take a closer look at this top apparel stock.
Source Fool.com
