Simply irrational exuberance and some short covering.
Every company spikes up at some point, sets a new all-time high, and then that high is never seen EVER again. There is a negative return rate for those holding Lululemon 10 years out at this point. I have it at negative 15%/year now as growth has BEEN SLOWING YOY. While the growth rate is high, it is clear that Lululemon is starting to peter and slow down and they have JUST 1.3B in revenues. So the joke is on the people holding this bag of %%%% when they WAIT for the news to come out that growth is below 30% while the smart money is getting out at all-time hgih's that WILL NEVER BE SEEN again.
johndoolittle46: just as your aliase implies, johnny boy has done little research on this company. Like you said they have "JUST" 1.3B in revenues ... just to let you know they have less than 150 stores ONLY ... they have not even SCARTCHED THE SURFACE in Europe and China plus they have ample growth opportunities in the US. Despite all the negativity surrounding the company, it is trading at all time highs. This should tell you something.