Lululemon reported its first-quarter earnings results on Thursday. Sales fell by 17% overall despite strong growth online, indicating that even the athleisurewear giant – which was is thought to have benefited from more people shopping for comfortable clothing and workout gear during the lockdown – wasn’t immune from the impact of the pandemic.

But analysts are still confident in the brand and say that it could actually emerge stronger than ever post-lockdown thanks to an upcoming fitness and wellness boom, which it is well-positioned to capitalize from, they say.  

“Clearly, Lululemon was a winner prior to the pandemic, but we believe that it will emerge even stronger,” Jefferies analyst Randal Konik wrote in a note to clients on Friday… READ MORE @ Business Insider

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