Lululemon Q1 Record

Lululemon Athletica just posted strong earnings for the first-quarter of 2022, thanks to double-digit growth in its direct-to-consumer business and good sales in its men's division. The athleisure company is also very positive on future sales since the rich people who buy their stuff don't seem to be affected by inflation.

The Vancouver-based company reported revenues of $1.61 billion, up 32% year-on-year a new record for the first quarter. Online sales surged 32% and now contributes 45% of total revenues.

Lululemon's management runs a tight ship and I'm bullish on humans getting healthier and wanting to look good. We like this company a lot. Paul has been a shareholder for many years and runs in their kit. Consider adding this one to your portfolio, alongside Nike.