The following video is from Tuesday's MarketFoolery podcast, in which host Chris Hill, along with analysts Jason Moser and Charly Travers, discuss the top business and investing stories of the day.
lululemon athletica's first-quarter earnings came in better than expected. With same-store sales rising 7% for the quarter, the popular maker of yoga-wear appeared to have put its recent troubles in the rearview mirror. But shares plunged today on the news that CEO Christine Day is resigning. In her five years at the top, Lululemon has grown steadily, and shares of the stock have risen more than 400%. In this installment of MarketFoolery, Charly and Jason discuss whether the next CEO will fare as well or if increased competition means the troubles are only beginning for Lululemon.
Lululemon has the potential to grow its sales by 10 times if it can penetrate its other markets the way it has in Canada, but the competitive landscape is starting to increase. Can Lululemon fight off larger retailers and ultimately deliver huge profits for savvy investors? The Motley Fool answers these questions and more in its most in-depth Lululemon research available. Thousands have already claimed their own premium ticker coverage; gain instant access to your own by clicking here now.
The article Can Lululemon Continue Its Run Without This CEO? originally appeared on Fool.com.Charly Travers and Chris Hill have no position in any stocks mentioned. Jason Moser owns shares of Nike. The Motley Fool recommends lululemon athletica, Nike, and Under Armour and owns shares of Nike and Under Armour. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.