Lululemon (NASDAQ: LULU), a healthy lifestyle inspired athletic apparel company, was featured in a recent analysis report that discussed its consumer demand leading into the holiday season. The report, written by LikeFolio Founder Andy Swan, reads, “We won’t lie, we were shocked to see athleisure-darling Lululemon launch a ‘We Made Too Much’ section on its website, full of markdowns for more than 480 products. But then we took a look at LikeFolio data, and it made much more sense. That shaded 20Q3 bar on the far right ends Nov. 1. . . and it’s currently pacing -29% QoQ and -24% YoY. -24% YoY is almost exactly in line with what LULU said stores were averaging when it reported in September. We’re watching demand for Lululemon very closely into the holiday season. With recent corrections in the stock, purchase intent softening seems to be priced in pretty fairly.”
About Lululemon Athletica Inc.
Lululemon is a healthy lifestyle inspired athletic apparel company for yoga, running, training and most other sweaty pursuits, creating transformational products and experiences which enable people to live a life they love. Setting the bar in technical fabrics and functional designs, Lululemon works with yogis and athletes in local communities for continuous research and product feedback. For more information, visit www.Lululemon.com.
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