lululemon athletica (NASDAQ:LULU) has been a standout in the arduous accoutrement retail space.
While abounding accouterment retailers are advertisement crumbling abundance cartage and alloyed anniversary sales, the yoga-focused banker continues to accession advice and exhausted balance expectations. Shares are up about 90% in 2019, and appraisal is at 40 times advanced earnings, far aloft the customer arbitrary boilerplate and the S&P 500 overall.
On Monday, aggregation administration added advice for the division and shares jumped addition 5%. Do Lululemon shares accept added allowance to run in 2020?
On Monday, Lululemon aloft its fourth-quarter balance and acquirement advice on able anniversary sales momentum. Fourth-quarter balance per allotment is now accepted to be $2.22 to $2.25, up from $2.10 to $2.13. Sales for the division are now projected to be $1.37 billion to $1.38 billion, up from $1.315 billion to $1.33 billion. The affairs retailer’s anniversary cartage was impressive. Action close Placer.ai addendum that Black Friday cartage this year was 480% aloft the baseline cartage for the aeon from Jan. 1, 2018, through November 2019.
The specialty banker additionally calmly exhausted balance and acquirement expectations during its third-quarter report, while adopting its full-year angle for the third after quarter. Advance was apprenticed by able sales from absolute stores, new stores, and e-commerce. The company’s new artefact curve like streetwear and outerwear are additionally allowance addition sales.
Future drivers of advance accommodate Lululemon’s amplification into the men’s bazaar and innovating with new abundance formats and artefact improvements. The affairs trend against advantageous alive and alive lifestyles is alone acceptable added popular.
Management is alive to bifold Lululemon’s men’s business by the end of 2023. The company’s five-year eyes additionally includes “doubling agenda and quadrupling all-embracing businesses” in the aforementioned time frame.
International accounts for alone about 15% of sales, but the action to abound abundance calculation beyond Europe and Asia is working, as all-embracing sales added 35% in the third quarter. Executives appearance the bazaar in China as decidedly promising. The company’s abundance abject angled in China aftermost year, and e-commerce sales grew over 60% in the third quarter. Last year, Lululemon’s new abundance in Hangzhou had the best aperture achievement to date of any abundance in China.
Lululemon additionally afresh assassin Nikki Neuberger, ex-Nike and Uber executive, as its new arch cast officer. Neuberger was all-around arch of business for Uber Eats, area she led the amplification into 36 countries. This should aid Lululemon’s all-embracing amplification plans.
The retailer’s attack into adorableness articles demonstrates that Lululemon continues to innovate and isn’t abashed to agreement with new artefact lines. Adorableness editors are afflicted by its afresh launched five-piece Selfcare line, which will additionally be awash at Sephora. Sun Choe, Lululemon’s arch artefact administrator commented: “Like our apparel, Lululemon Selfcare has been advised with action at its amount and created to abutment guests pre- and post-workout.” Other innovations that the aggregation has formed on accommodate two empiric food and a new adherence affairs in four cities.
Lululemon trades at 43 times advanced earnings, compared to 20 times for the S&P 500 and 25 times for the customer arbitrary sector. For 2021, the aggregation is accepted to appearance balance advance of 19% and sales advance of 15%. Even admitting the appraisal isn’t inexpensive, Lululemon’s able achievement and adeptness to beat advance expectations accomplish the banal a buy, abnormally on any pullbacks. The banal is listed as one of the Motley Fool’s top 20 stocks to buy in 2020. The aggregation additionally has assorted levers it can cull to access approaching sales, including all-embracing expansion, added men’s artefact sales, and agenda businesses.
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