10 Best Canadian Stocks to Buy According to Billionaires

5. Lululemon Athletica Inc. (NASDAQ:LULU)

Number of Billionaires: 14

Lululemon Athletica Inc. (NASDAQ:LULU) is a Canadian athletic apparel retailer renowned for its high-quality yoga, running, and training gear.  The company’s product line emphasizes technical performance and comfort, appealing to fitness enthusiasts and those seeking athleisure wear.

In recent years, Lululemon has strategically expanded its market presence. A notable development is the appointment of seven-time Formula One World Champion Lewis Hamilton as a brand ambassador.  Financially, Lululemon Athletica Inc. (NASDAQ:LULU) has demonstrated robust performance. In Q3 2025, the company reported revenues of $2.40 billion, marking an 8.7% increase from the same period in the previous year. The net income surged by 42% to $351.9 million, with profit margins improving from 11% to 15%. Earnings per share increased to $2.87, from $1.97 in the previous year.

Despite these positive indicators, analyst opinions are conflicting, where some have maintained a Sell rating on the stock since July 2022, citing concerns over overvaluation and rising competition. Analysts have expressed caution highlighting potential challenges in international markets and possible declines in U.S. sales and earnings per share in 2025. For LULU, this could also mean difficulties in maintaining product appeal and pricing power. On the other hand, some analysts have rated the company favourably.

The upcoming earnings release of Lululemon Athletica Inc. (NASDAQ:LULU) has managed to garner great interest from investors as the company is expected to report EPS of $5.83, a 10.21% uptick from the previous-year quarter.