Why Lululemon Stock Leaped Today
Shares of Lululemon Athletica (NASDAQ: LULU) popped 6.7% on Friday after the athleisure clothing leader reported impressive sales and profit growth.
Revenue surged 29% year over year to $1.9 billion in its fiscal 2022 second quarter, which ended on July 31. The gains were fueled by new store openings and a sharp rise in same-store sales.
The retailer opened 22 company-operated stores during the quarter and a net total of 66 over the past year. That brought its total store count to 600 locations at the end of the second quarter.
Source Fool.com
