lululemon athletica inc. (LULU)
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LULU: premium leggings need proof the growth story is not overstretched
lululemon reported FY2025 revenue of $11.1 billion, FY2025 operating income of $2.2 billion and cash of $1.8 billion. The thesis depends on brand heat, inventory discipline, international growth, direct-to-consumer execution and margin recovery.
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