Why Lululemon Athletica Stock Just Popped

Shares of yoga-wear retailer Lululemon Athletica (NASDAQ: LULU) are adopting the "forward-racing dog" pose on Wednesday afternoon, up 12.6% as of 1 p.m. ET after the company reported blockbuster earnings for the company's fiscal fourth quarter of 2021.

Heading into Q4, analysts had predicted Lululemon would earn $3.28 per share on $2.1 billion in total sales for the quarter. Lulu both nailed that sales target and earned $3.37 per share (albeit pro forma).  

Image source: Getty Images.

Continue reading

Source Fool.com