Lululemon's Strong Holiday Performance Boosts Shares
lululemon athletica (NASDAQ: LULU) has been a standout in the challenging apparel retail space.
While many clothing retailers are reporting declining store traffic and mixed holiday sales, the yoga-focused retailer continues to raise guidance and beat earnings expectations. Shares are up nearly 90% in 2019, and valuation is at 40 times forward earnings, far above the consumer discretionary average and the S&P 500 overall.
On Monday company management increased guidance for the quarter and shares jumped another 5%. Do Lululemon shares have more room to run in 2020?
Source Fool.com
