Shares of Lululemon Athletica Inc. stabilized on Monday after a disappointing performance last week on lackluster guidance for its Mirror at-home fitness device.
Telsey Advisory Group analyst Dana Telsey said Lululemon is off to a strong start to the holiday shopping season. “While supply chain challenges persist, LULU has done well to navigate these headwinds and continues to benefit from a solid penetration of core, seasonless styles that help mitigate pressure from receipt delays,” Telsey wrote.
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