Shares in Lululemon Athletica Inc. were up by more than 16 per cent on Friday after the company raised its full-year outlook on strong international sales, but one analyst says the company may face challenges growing its brand in the future.
Simeon Siegel, CFA and managing director at Equity Research BMO Capital Markets, talks to us about Lululemon raising its sales and profit expectations.
But it’s important to look beneath the headline numbers and examine the Vancouver-based retailer’s core business, Siegel argued, noting that while“ U.S. business is underperforming the broader apparel group, and its gross margin’s underperforming the broader apparel group – I think those are two very important questions,” he said.
“There is room to find that extra product but what you need at this size is to know that you have continued growth at your core,” he said.
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