Why lululemon athletica Is Still Opening New Stores
Investors were disappointed in the second-quarter earnings results for lululemon athletica (NASDAQ: LULU). The athletic apparel specialist posted strong sales results for the period despite customer traffic pressures tied to the coronavirus pandemic. But its earnings decline, plus a cautious outlook for the rest of 2020, had Wall Street focused on short-term risks.
CEO Calvin McDonald outlined those risks in a conference call with analysts while explaining why management is feeling confident that the worst of the pandemic's impact is behind the business. Let's look at some highlights from that discussion.
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Source Fool.com
