This Well-Known Consumer Brand Was Once a Monster Stock. With Shares Down 52%, Is It a Once-in-a-Decade Buying Opportunity Right Now?
During the five years leading up to their all-time high in December 2023, shares of this well-known, consumer-facing enterprise were up an astonishing 321%. That gain easily crushed what the broader S&P 500 produced during the same time.Slower growth, however, is scaring investors. This growth stock now trades 52% below its record. Maybe it's time to take a closer look. Is this company providing a once-in-a-decade buying opportunity right now?In fiscal 2021, Lululemon (NASDAQ: LULU) reported fantastic year-over-year revenue growth of 42.1%. Fast-forward three years, and that growth rate fell to 10.1% for fiscal 2024 (ended Feb. 2). To be fair, it's not reasonable to expect the type of expansion from 2021 to continue indefinitely. This is particularly true in light of the pandemic's impact on the retail sector over the past few years when online shopping was extremely popular. Continue reading
During the five years leading up to their all-time high in December 2023, shares of this well-known, consumer-facing enterprise were up an astonishing 321%. That gain easily crushed what the broader S&P 500 produced during the same time.
Slower growth, however, is scaring investors. This growth stock now trades 52% below its record. Maybe it's time to take a closer look. Is this company providing a once-in-a-decade buying opportunity right now?
In fiscal 2021, Lululemon (NASDAQ: LULU) reported fantastic year-over-year revenue growth of 42.1%. Fast-forward three years, and that growth rate fell to 10.1% for fiscal 2024 (ended Feb. 2). To be fair, it's not reasonable to expect the type of expansion from 2021 to continue indefinitely. This is particularly true in light of the pandemic's impact on the retail sector over the past few years when online shopping was extremely popular.
