Lululemon Tells Investors Why Profitability Rose Again in 2019
lululemon athletica (NASDAQ: LULU) recently closed out an impressive fiscal year highlighted by surprisingly strong sales growth. Profitability expanded for a fourth straight year even as the sports apparel specialist dealt with rising tariff rates and increased labor costs.
In a conference call with Wall Street analysts, CEO Calvin McDonald and his team went over a few standout trends from 2019 while giving a few reasons they're optimistic that the business can rebound following the COVID-19 disruption now stifling economic growth. Below are a few highlights from that discussion with investors.
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Source Fool.com
