Is Lululemon Stock a Buy After Q1 Earnings?
lululemon athletica's (NASDAQ: LULU) first-quarter results, released last week, demonstrated the athletic apparel retailer has rebounded from the coronavirus pandemic. The results reported were helped by the fact that nearly all its stores were open this quarter (as opposed to previous quarters where some stores were temporarily shut down because of the coronavirus pandemic).
The results exceeded both management and analysts' expectations, and the better-than-expected quarter led management to increase its estimates for revenue and earnings per share for the rest of its fiscal 2021.
Let's take a closer look at the popular clothing retailer and determine if investors should consider adding the stock to their portfolios.
Source Fool.com
