Why Lululemon Stock Popped Today

Lululemon's CEO will hand over his company on an earnings beat, to a replacement yet-to-be-named.Lululemon Athletica (LULU +10.13%) stock soared 8.8% through 11 a.m. ET Friday after crushing on earnings last night.Analysts forecast Lululemon would earn 2.21pershareonlessthan2.21 per share on less than 2.5 billion in sales in Q3, but the company reported 2.59pershareonnearly2.59 per share on nearly 2.6 billion in sales. Lululemon Q3 earningsLulu grew sales 7% in Q3, despite only a 1% increase in same-store sales. Literally all the growth was in ...