Down 20% in 2022, Is Lululemon Stock a Buy?

Down 20% in 2022, Is Lululemon Stock a Buy?

Lululemon Athletica (NASDAQ: LULU) has been one of the highest-growth athletic apparel retailers in recent history. It easily weathered the pandemic, and it continued to open new brick-and-mortar stores as other apparel retailers shuttered their struggling stores to cut costs. Lululemon initially carved out a defensible niche in the crowded athletic apparel market by selling high-end yoga apparel for women.