Lululemon Soaring

Yoga-inspired, technical apparel company for men and women, Lululemon, reported its first-quarter numbers. The company beat management and analysts aggressive earnings target for the fifth consecutive quarter. This was thanks to growth from online sales of leggings and joggers.

Revenues were up 20% to $782.3 million, beating $755 million market expectation and they raised the full-year revenue guidance to $3.73 billion and $3.77 billion for the 2019 financial year-end. Net income came in at $96.6 million from $75.2 million thanks to same store growth of 14% driven by a 33% increase in online sales.

Lululemon's share price is up 51% year-to-date valuing the business at $23.88 billion. I'm guessing Chip Wilson's (The company's controversial founder) departure, and lack of snarky comments was the catalyst to these good numbers or maybe I am fooled by randomness? The company has done very well to fend off competition from Nike and Under Armour.

The infographic below shows the ten year share price growth of Lululemon shares. So far the company has gone up more than 40-times from around $4/share in January 2009 (fresh out the financial crisis) to $183 at market close on Tuesday. "If the company was a yoga-post, it would certainly be the upward-facing stock."

You will find more infographics at Statista