Why Is Everyone Talking About Lululemon?
There's a clear reason why Lululemon Athletica (NASDAQ: LULU) is attracting attention right now. In an environment of rising inflation and supply chain troubles, retail isn't the easiest business. But Lululemon is showing it can handle the headwinds -- and grow.
In fact, the seller of yoga-inspired apparel this year has even reached some targets of its Power of Three growth plan early. And it's launched an all-new plan to take it to the next level. But Lululemon shares haven't climbed along with this good news. They've declined more than 25% so far this year. Let's take a closer look at this stock everyone is talking about -- and find out whether its time to buy.
Lululemon launched its Power of Three plan back in 2019. The goals included doubling sales of the men's line and sales through the digital platform, and quadrupling the international sales. It met the first two goals early. And its on the way to quadrupling internationally.
Source Fool.com
