Lululemon Shares Jump, After Einhornn Does Not Disclose A ShortVW Staff
Lululemon Athletica (LULU) allegedly had investors betting against them earlier this fall but on Thursday they again proved them wrong with its third quarter earnings report.
For the quarter, the company saw an 18% rise in its same-store sales with the exclusion of the currency translations. This compared to a 5.4% average increase for apparel retailers in the same quarter, according to Retail Metrics.
Lululemon Athletica inc. (NASDAQ:LULU) also reported its online and other direct-to-consumer sales jumped 89 . . .
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