Topic

LULU

A collection of 5 issues

Lululemon 2Q'24 Update

Disclosure: I own January 2026 $165 LULU Call Options It is far from common for a stock to be up 4% after missing the revenue guide for the quarter and slashing the full-year revenue guide. That’s exactly what happened with Lululemon today which should tell you the kind of

Lululemon 1Q'24 Update

Disclosure: I own January 2026 $165 LULU Call Options Lululemon was facing some really thorny questions from Mr. Market ever since 4Q’23 earnings. Today’s earnings should help calm some nerves. Here are my highlights from tonight’s call. Sales Growth by Region At first glance, one may find

April 2024 Update

First things first, this month's Deep Dive on Texas Instruments will be published by April 25th. Thank you for all the great feedback on my Semiconductor Primer last month; I'm glad that many of you found it useful to get up to speed on the industry.

The cult of Lululemon is alive and kicking

(Update: Please see May'22 deep dive for latest thoughts) In November 2020, I published my deep dive on Lululemon. On this update, I will mostly skip why I like the business since I have adequately covered it in my earlier deep dive which I encourage you to read

The Economics of the Cult of Lululemon

Lululemon Athletica (Ticker: LULU) is a fantastic company. In 2005, Lulu generated $40.7 mn sales. 15 years later, its sales were ~100x of that, implying an astounding ~35% CAGR over this period which was almost entirely organic in nature. For context, Amazon grew at ~28% CAGR during the same