Lululemon Q4 - Strong Revenue & Earnings

Lululemon posted strong earnings for the fourth-quarter, becoming one of the few apparel brands to grow despite supply chain bottlenecks.

The Vancouver-based athleisure company reported fourth-quarter revenues of $2.1 billion, catapulting total revenues for the 2021 year to more than $6.3 billion, up 42%. Revenues at company-operated stores rose by 70% and its online business now accounts for half of all sales.

The company just launched its first collection of footwear, bringing the Blissful women's running shoe to certain stores. The plan is to expand the brand with additional styles through 2023, including men's shoes. They plan to open 70 more company-owned stores this year, the current tally sits at 574 stores.

Lululemon expects 2022 revenue to rise by just over 20%. I've always been a fan of the yoga-inspired, technical cashmere apparel company and I'm more impressed by how management navigated 2021. I'm still very bullish on humans getting healthier or looking healthier, especially rich people. This is a good stock to own, alongside Nike.