Lululemon’s success has attracted many competitors, many of which are selling similar products. Our view that Lululemon’s stock is overvalued is based on its current valuation (a price/earnings ratio of about 30) and concerns about the competitiveness of the industry. Lululemon has targeted a fourfold increase in international sales between 20, but we model such sales to roughly triple. However, there is a risk to this, given the company’s limited history in the region and rising competition. Lululemon has added about 30 stores in China over the past year, bringing its total to about 120 in the country, and we forecast it can reach 400 stores within 10 years. The company received a boost from the end of coronavirus restrictions in China (12% of the quarter’s sales), where its sales rose 79%. Lululemon’s first-quarter sales outperformance was mainly due to its store operations (comparable sales were up 13%). This is not unusual for Lululemon, which has consistently beaten expectations over the past five years. Lululemon’s sales growth, margins, and earnings per share were above our estimates as well, and the company issued a generally positive outlook. Unlike many other apparel retailers and manufacturers, it did not report any concerns about slowing consumer spending. Lululemon posted typically stellar results in its first quarter, as 24% sales growth soared past our 19% estimate. Morningstar Economic Moat Rating: Narrow.Here’s Morningstar’s take on what to think of Lululemon’s earnings and stock. *barre3 reserves the right to refuse returned merchandise or may ban a customer from completing future purchases, if it is determined that a customer has a history of abusing the returns policy.Lululemon Athletica LULU released its first-quarter earnings report on June 1, 2023. The customer is responsible for the return shipping costs. We will credit you the full purchase price minus the original shipping charges. Once you have received your email confirmation indicating the refund has been processed, please allow up to 5 business days for the credit to appear on your statement. For refund inquiries, please provide tracking number and items returned. You will receive an email confirmation once your return is complete. Please allow up to two weeks for your return to be processed once tracking shows delivery. If item(s) ordered are damaged or defective please reach out within 48 hours of receipt, we will gladly replace or repair the defective item(s) as soon as possible. Please contact us at for the returns process and approval. Unapproved returns will automatically be shipped back to the customer. Please Note: All skincare, personal protective masks and sale items are final sale and cannot be returned or refunded. To initiate an approved return, reach out to our support team. In the event that you are unsatisfied, your B3 Shop merchandise must be returned within 30 days of purchase unworn/unused with tags attached for a refund. We strive to deliver premium products to our customers. Provide an incorrect shipping address? We're sorry to hear your package is missing, we have provided steps below to help you reroute it to the correct address. See below for further information on how to reroute your package if an incorrect address was provided. Thank you for your patience!īarre3 is not responsible for lost or stolen packages once tracking information reports delivered to address provided or any fees related to international shipping. Due to worldwide delivery delays, we have suspended international shipping and US priority delivery options.
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