Why lululemon athletica Stock Gained 18% in April
Its stores were closed, but lululemon athletica (NASDAQ: LULU) stock still outperformed a strong market last month. Shares rose 18% compared to a 13% increase in the S&P 500, according to data provided by S&P Global Market Intelligence.
The stock remains lower on the year, but its 7% decline in 2020 to date is more modest than the broader market's slump.
Like most of its peers, Lululemon's physical store footprint was closed across key markets last month. In April, the chain also announced the surprise departure of its chief financial officer, who is leaving to head up another retailer.
Source Fool.com
