I don’t know much about athletic apparel in general other than everyone is trying to catch Nike. Lululemon is a company I never heard of until I entered the market during the pandemic. Next thing I know, it’s a company that can’t stop printing money.
I’m looking at the financials, and they’re impressive: more cash than debt, super strong revenue growth, high projections (take them for what they’re worth). The ratios are a bit high, but their stores always seem to be drawing crowds.
When and how did LULU become the next big brand? Or have I just been living under a rock for too long?
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