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Lululemon Athletica Inc. (LULU): A Bear Case Theory

We came across a bearish thesis on Lululemon Athletica Inc. (LULU) on Substack by Kroker Equity Research. In this article, we will summarize the bears’ thesis on LULU. Lululemon Athletica Inc. (LULU)'s share was trading at $399.60 as of Dec 6th. LULU’s trailing and forward P/E were 28.89 and 26.32 respectively according to Yahoo Finance.

[caption id="attachment_1200101" align="aligncenter" width="768"] A customer in a specialty concept store wearing a full outfit of apparels and sports gear.[/caption]

Lululemon Athletica delivered strong Q3 2024 results, with total revenue...