Consumer
Lululemon Surges Most Since 2018 on Rebounding Performance
- Company broke a streak of slowing growth in comparable sales
- CEO says momentum remains strong in international markets
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Lululemon Athletica Inc. shares posted their biggest one-day gain since 2018 on optimism the upscale activewear brand is overcoming competition and cautious consumers.
The stock jumped 16% on Friday, bringing Lululemon’s year-to-date decline to 22%. The stock is still poised for its worst full-year performance since 2013. The S&P 500 Index has advanced 28% this year.