Today, we’re looking at an athletics-apparel maker with a cult-like following…
Many Americans today are making healthier choices. Fewer and fewer people are smoking, and demand for healthier food options is on the rise… And according to the International Health, Racquet & Sportsclub Association, the U.S. health and fitness industry was worth $30 billion in 2018.
Lululemon Athletica (LULU) is a $27 billion leader in the athletics-apparel market.
According to the company, it started off as a design studio by day and yoga studio by night.
Today, it has 460 locations that sell athletic apparel inspired by its yoga roots.
And as more people jump on board the fitness trend, Lululemon keeps growing…
In the latest quarter, it reported revenue up 22% year over year to $883 million, and earnings per share up 35%.
As you can see, LULU shares are up more than 240% in the past two years alone… And they recently hit a fresh all-time high. As people continue to demand high-quality, comfortable clothes for their workouts, this trend should keep going…
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Source: Daily Wealth’s Market Notes