Lululemon started life as a Yoga brand. These days, it looks more like an early-stage Nike, with new product launches targeting various sports. They also have a growing men’s range, as well as an enviable global expansion track record. Lululemon is a force to be reckoned with, but that’s why it trades at such high multiples.
With the share price having turned the corner after a tough year, is there still an opportunity to climb in?
