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Lululemon and peers higher as underlying demand looks strong

Jun. 08, 2016 2:45 PM ETLululemon Athletica Inc. (LULU) StockCOLM, UAA, LULUBy: Clark Schultz, SA News Editor
  • 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)

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