- Lululemon (NASDAQ:LULU) is back over $70 for the first time since early September as investors take heart after CEO Laurent Potdevin says the company is on track to hit $4B in revenue by 2021.
- The retailer's sales were impressive during the key shopping days of Black Friday (+16%) and Cyber Monday (+29%) on what management says was a strong mix of full price selling.
- Sports bras sales rose more than 20% during the quarter, according to Potdevin. He also noted that LULU has "fantastic innovation" regarding its bras on the way next year.
- "We are impressed with the company’s ability to deliver both positive store comps and 16% eCommerce growth despite industry average traffic decline (in the mid-single digits)," observes Mizuho analyst Betty Chen.
- Previously: Lululemon +11.5% on beat, buyback, and guidance boost (Dec. 7)
- Previously: Analysts weigh in on Lululemon (Dec. 8)
- Shares of LULU are +18.16% to $70.71.