Q: Thoughts on Lululemon Q results...and would you average down at $175sh... believe a 5 year low...thx, jb
5i Research Answer:
It wasn't a great quarter at LULU with decreases in their guidance for the year and declining same store sales in the US. Sales in the international business was strong though which is a bit of a bright spot for the company. We would wait and let the shares settle at this point before looking to add to the name.
Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in LULU.