Thndr Claps » U.S. Claps » Nasdaq 🔔 » Lululemon raises 2022 earnings forecast🧘
The ClapIn a contrary move to most companies recently, Lululemon (NASDAQ: LULU) raised its revenue & profit forecast for 2022.
The deetsLululemon said that supply chain disruptions resulting from China’s COVID lockdown were “modest”. The company also noted that demand continues to be resilient despite inflation.
How?!According to one analyst, Lululemon’s athleisure products fall on the side of luxury goods, making it “more insulated from the effects of inflation”.
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