$Lululemon Athletica(LULU)$ bullish Lululemon has had a strong year, despite weakness in the overall apparel industry. The company lifted its full year forecast earlier this year. It's second quarter results came in better than Wall Street expectations, with net revenue increasing 18% year-over-year.
“I think what we're seeing here is a discerning consumer,” Oppenheimer & Co. senior analyst Brian Nagel told Yahoo Finance after the company’s latest quarterly results.
“LULU performed well through the pandemic, right? But I think what's happening here post-pandemic is, as a society, we are still dressing a lot more casually, you know. So this ongoing strength in Lululemon, the double-digit sales growth to a certain extent is coming at the expense of more traditional clothing companies,” he added.
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