|Day's Range||24.80 - 24.80|
LULU stock continues to outperform in the retail sector thanks to outstanding earnings and sales growth in recent quarters. But does that make it a buy?
VANCOUVER, British Columbia, June 18, 2019 /PRNewswire/ -- Today, lululemon unveiled its newest product line, offering a variety of personal care products for guests, following a successful test earlier this year. Designed to create solutions for athletes' needs, the new dual-gender line consists of four products that focus on seamlessly bridging the gap from sweat to everyday life. The product will be sold online at lululemon.com, in 50 lululemon stores, at select studio partners in North America, and on Sephora.com.
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The stock market finished higher, with techs and small caps leading the advance. FANG stocks, Lululemon and Tesla helped boost the Nasdaq.
The stock market continued to eke out gains late Monday, as investors await the outcome of this week's Fed meeting and Paris Air Show.
The tech-heavy Nasdaq led the way early Monday. Top growth stock Lululemon is regaining a buy point in today's stock market action.
Lululemon (LULU) impressed investors with double-digit growth in its sales as well as earnings in the first quarter of fiscal 2019, which ended on May 5. The company also saw improved margins in the first quarter—even amid an uncertain macro environment and a challenging retail space.
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Lululemon (LULU) generated revenue of $782.32 million in the first quarter of fiscal 2019, which ended on May 5. The company’s first-quarter revenue came in way ahead of analysts’ expectation of $755.31 million, up grew 20.4% on a year-over-year basis. Here's why.
Lululemon (LULU) stock rose 2.1% on June 13 in reaction to better-than-expected first-quarter results and an upgraded outlook for fiscal 2019 overall. The company's first-quarter adjusted EPS grew 34.5% to $0.74 on revenue growth of 20.4% to $782.32 million. Analysts had expected EPS of $0.70 and revenue of $755.31 million. Here's why the outlook got an upgrade.
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Lululemon Athletica rallied to close above 179.60 buy point, hitting a new high. The stock briefly broke out last Thursday, but quickly pared gains. Lululemon found support at 50-day and powered higher Monday.