The economic realities of the moment — with frightened consumers, high inflation and high rates of interest — don’t appear to apply to Lululemon Athletica Inc.
Shares of the buzzy energetic company shot up 13.7 percent on Thursday to $373.37 after it continued to grow rapidly, topping first-quarter profit and sales projections and raising its outlook for the yr.
That puts Lululemon’s market capitalization at about $47.5 billion, one in every of the best valuations in all of fashion, although still lower than half of energetic leader Nike with a market cap of $159.3 billion.
But the concept actually seems for Lululemon to catch up.
The corporate’s earnings jumped 53 percent to $290.4 million, or $2.28 a share — 32 cents ahead of the...
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