Shares of Lululemon (LULU) gained nearly 10% after the athleisure-wear company reported 4Q earnings after markets closed Tuesday, March 29, 2022. Lululemon reported EPS of $3.37, which beat analyst estimates by ten cents, on $2.10B in total revenue, which missed by about four million dollars. David Swartz and Jharonne Martis break down the report and market reaction as well as deliver their outlooks for apparel retail stocks in general.
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