Lululemon (LULU +8.8%) CEO Laurent Potdevin notes the company is seeing signs of demand for its products in parts of Asia and Europe.
The company will look for "deep local knowledge" as it strikes into new territories. Onboarding of talent in Asis is already taking place and the company is scouting locations. Execs see progress ramping up quickly.
Comparable-store sales should improve markedly after Q1. Lululemon will start lapping a period of soft sales following its PR fiasco over its luon yoga pants and the new products will start playing a factor.
The tone on supply issues and product flow is confident.