Will Lululemon Stock Keep Rebounding After Strong Q3 Results?
Rebounding further off its multi-year lows, Lululemon (LULU) stock spiked as much as +14% in Friday’s trading session after delivering stronger-than-expected Q3 results yesterday evening and providing favorable guidance.Still trading more than 50% from a 52-week high of $423 a share, Lululemon’s Q3 report helped to calm fears of slower demand in its core U.S. market, along with tariff and inflation-related pressures that have squeezed margins.Further boosting investor confidence regarding its long-term val ...