Retail

Lululemon (LULU) Q2 2021 earnings beat

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Lululemon shares surged more than 13% in extended trading Wednesday after the athletic apparel maker reported fiscal second-quarter profit and revenue that topped analysts’ expectations.

Consumers are shopping Lululemon stores and the company’s website for its sports bras, jogger pants and leggings for their stay-at-home wardrobes. But many are also seeking out stretchy pants and comfortable clothing as they return to the office. The shift toward so-called athleisure is benefiting retailers such as Lululemon and Nike.

Lululemon offered a better-than-expected outlook for the third quarter and for fiscal 2021, expecting momentum to build. Based on its current forecast, Lululemon is now on…



Source cnbc.com

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