Lululemon Athletica inc. (LULU) Unravels: Buy Now?

Unsurprisingly, then, an analyst at Goldman Sachs wasted no time asking Day to elaborate on her stepping down during the Q&A portion of Lululemon’s earnings conference call, to which she replied: “OK, this was the personal decision of mine, and look, it’s never the perfect time to leave a company that you love. … And now as the company embarks really on that next 10 years vision, the timing is right to bring in a new person to lead, and I have complete confidence in the succession planning process.”

Once again, she didn’t tell us exactly why she’s leaving, but at least she indicated she wasn’t forced out of her position. Instead, she intelligently emphasized the fact she did her best to set the company up for success over the next decade.

Foolish final thoughts

And you know what? Regardless of who’s leading Lululemon, I believe Day when she says the company will be able to succeed over the long run.

In the end, with the lessons learned from its last recall, and supported by its strong brand and fiercely loyal customer base, there’s every reason to believe Lululemon will be able to continue translating its past successes to continued growth across the globe. As a result, I’m convinced today’s pullback will prove a fantastic buying opportunity for patient long-term investors.

The article Lululemon Unravels: Should You Buy Now? originally appeared on Fool.com and is written by Steve Symington.

Fool contributor Steve Symington has no position in any stocks mentioned. The Motley Fool recommends lululemon athletica.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.