Investor Outlook: Lululemon earnings beat as CEO exit raises turnaround questions - BNN Bloomberg
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Article Excerpt
Lululemon shares moved higher after the apparel maker topped earnings expectations and announced a CEO transition, reviving debate over whether the stock can recover after a prolonged slump.
BNN Bloomberg spoke with David Swartz, equity analyst at Morningstar Research Services, about the implications of the leadership change, slowing North American growth and the company’s longer-term turnaround potential.
Key Takeaways
Lululemon’s earnings beat helped lift the stock, but the business is still working through a multiyear slowdown.
North American growth has matured, making international marke…
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