Lululemon is kicking off its analyst day in New York on Wednesday, an event it hasn't held in five years and one that marks the first formal introduction of CEO Calvin McDonald to Wall Street since he assumed that leadership role in August.
Lululemon on Wednesday released a fresh, five-year growth plan, sending its shares up about 1% in premarket trading.
Lululemon shares have surged more than 80% over the past 12 months, compared with the S&P 500 Retail ETF's growth of just 1.5%. In the latest fiscal year, Lululemon's sales amounted to $3.3 billion, with sales at stores open for at least 12 months surging 18%, compared with growth of 7% during the prior year.
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