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Why Lululemon Stock Is the Real Apparel Retailer Worth Owning

TheMotleyFool

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Why Lululemon Stock Is the Real Apparel Retailer Worth Owning: https://g.foolcdn.com/editorial/images/726464/shopping-clothes-athleisure-apparel-retail.jpg

Many consider Nike the king of sports apparel, but competitor Lululemon Athletica (NASDAQ: LULU) has been the superior investment since the stock's initial public offering (IPO) in 2007. The company recently reported its fourth-quarter earnings for 2022, and investors rejoiced, sending shares soaring.

Is the stock worth buying after climbing more than 16% in the past month? Fortunately, it seems that the party might not be over yet. Here are four reasons Lululemon could maintain its momentum.

Wholesale distribution to third-party retail stores used to be the key for athletic footwear and apparel companies. To get access to consumers, top brands had to fight for shelf space from retailers.

Source Fool.com

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