These data points are corroborated by a healthy consumer backdrop (unemployment rates remain near historic lows, wages are still rising, inflation remains checked and retail sales ex-food sales rose 3.7% year-over-year during the past three months) and strong peer company earnings reports. As of this writing, Luke Lango was long NKE, LULU, SKX and FL. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.