Is Lululemon Stock Too Expensive?
Even though lululemon athletica (NASDAQ: LULU) stock declined about 4% after reporting fiscal first-quarter earnings, shares have recovered and continue to trade near 52-week highs amid a global recession with record levels of unemployment and uncertainty in the U.S. around containment of the COVID-19 outbreak.
Given the company's products are highly discretionary luxury items, could it have some difficulty resuming pre-recession growth levels?
Image source: Lululemon.com.
Source Fool.com