By LOUIS NAVELLIER
In the most recent quarter, LULU saw same-store sales grow a whopping 20%.
And margins were up significantly, which is why that price integrity is so crucial.
In Q2, LULU was averaging $1,500 in sales per square foot, which is a huge number. For example, Gap (NYSE:GPS) averages about $340.
Initial reports are the men’s line is selling briskly.
The other big news is that LULU is moving beyond its focus in North America and expanding in Europe and Asia. Sales in those markets were up 53% in Q2 compared to the same quarter last year.
Lululemon is expected to generate more than $3 billion in annual sales this year.
The market cap on the stock is about $17 billion. It’s not a bargain here, trading at a price-to-earnings ratio of 57.
Source: Growth Investor
https://investorplace.com/2018/07/buy-l ... h=nonbuyer