Lululemon athletica’s Investor Day Takeaways
<p>Analysts at Deutsche Bank provided their key takeaways from <a href='https://financialmodelingprep.com/financial-summary/LULU'>Lululemon Athletica Inc. (NASDAQ:LULU) </a>investor day, which detailed a long-term strategy of the company, including a 15% revenue CAGR through 2026, modest EBIT margin expansion, and EPS growing faster than revenue. </p>
<p>Overall, the analysts believe the company’s long-term outlook was in line with buy-side expectations as it points to a low-teens CAGR starting in 2023.</p>
<p>The company exceeded its previous plan – meeting targets two years early and delivering a 24% revenue CAGR over the last three years, leading the analysts to believe there is likely upside. </p>
<p>According to the analysts, the company’s outlined plan is focused on product innovation allowing franchise building, product extensions that create credibility around new categories as well as providing a halo effect around core product, and a community-led customer experience driven by membership and enhanced by the Lululemon Studio. </p>
<p>The analysts raised their price target on the company’s shares to $428 from $423, while maintaining their buy rating.</p>

NASDAQ:LULU