Reported about 1 month ago
Lululemon shares are buoyed ahead of their upcoming Q2 earnings report, despite a nearly 50% drop year-to-date amid rising competition and cautious consumer behavior. Analyst Jim Duffy expresses confidence in Lululemon's ability to innovate and maintain product quality, positioning the brand to capitalize on the increasing global concern for health and fitness. Duffy believes investment ahead of a market reset could be beneficial, given Lululemon's unique standing in the fitness apparel sector.
Source: YAHOO