Reported 20 days ago
Lululemon Athletica's shares soared nearly 17% following an optimistic annual forecast that boosted investor confidence for the holiday season. The company has revitalized its clothing line to appeal to younger customers while effectively marketing in its second-largest market, China. At least 17 brokerages raised their price targets after Lululemon reported strong quarterly results, with some forecasts exceeding the median estimate significantly. Despite facing competition, the brand's customer loyalty remains strong, evidenced by robust sales during the Thanksgiving weekend.
Source: YAHOO