- Lululemon (LULU +5.4%) investors say what's a penny between friends as the company's Q1 EPS miss is largely ignored. Three quotes that explain the Lululemon rally are below.
- "What matters is brand demand remains strong, gross margin recovery is on track and inventories are now in line," observes Jefferies analyst Randal Konik about the report.
- "In terms of the key metrics we were looking for in the quarter, we got everything we wanted and then some," adds Guggenheim's Howard Tubin.
- "We finished the quarter with our inventory levels rebalanced and on track to achieve our goals for the year," notes Lululemon CEO Laurent Potdevin.
- Under Armour (UA +3.8%) and Columbia Sportswear (COLM +2.9%) are both higher on the day after the positive read from Lululemon on pricing and promotional activity.
- Previously: Lululemon Athletica down post Q1 results (June 8)
- Previously: Lululemon spells out the ABCs of men's fashion strategy (June 8)