Investors are giving the company a pass on the drop in comparable-store sales and shrunken margins during Q4 as there is a growing sentiment that a corner has been turned.
Lowered guidance isn't being taken too seriously as the retailer is tapped for a beat by many retail watchers.
On CNBC, the phrase "accelerating global expansion" for Lululemon was bandied around this morning. The firm's conference call is underway (webcast) and it would be convenient to investors if an analyst asked a question on that topic.
LULU +2.2% premarket