lululemon athletica inc’s LULUstrategy for 2020, focus on ivivva’s remodeling, product innovation, e-commerce growth, international expansion and the introduction of new store formats have been the catalysts to its recent success. Moreover, the company’s robust surprise trend and optimistic outlook have boosted investors’ confidence in the stock.
This led to an upsurge in the stock price, which also hovers close to its 52-week high. The stock has rallied 49.3% in the last three months, outperforming the industry’s growth of 14.2%. Additionally, this Vancouver-based company has gained 19% since May 31, following the robust first-quarter fiscal 2018 results and raised view for fiscal 2018.