- Lululemon (LULU) trades higher after beating lowered expectations for the tough holiday period.
- 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
at Zacks.com (Jan 20, 2015)