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Lululemon shares hit all-time high after earnings report

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Pedestrians seen walking past Canadian athletic apparel retailer Lululemon in Shanghai.

Alex Tai | SOPA Images | LightRocket | Getty Images

Lululemon shares hit at an all-time high Thursday after the retailer blew past Wall Street’s expectations in its latest fiscal quarter and said it’s on track to hit a 2023 revenue target well ahead of schedule.

The athletic apparel maker’s stock surged more than 13% in early trading, reaching a record intraday high of $434.22. Shares had last reached an intraday high of $417.85 on Aug. 30. As of Wednesday, Lululemon had gained about 9% year to date, bringing its market value to almost $50 billion.

Famous for its women’s leggings and “ABC” jogger pants…



Source cnbc.com

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