lululemon: Stretching Without Breaking A Thread

lululemon's elite margins, strong brand loyalty, and global growth potential make it a standout in athleisure, now trading at just 13x P/E. Despite recent sentiment-driven selloff and margin concerns, fundamentals remain robust, with international expansion, especially in China, offering a long runway. lululemon's direct-to-consumer model, best-in-class retail efficiency, and product quality differentiate it from competitors like Nike, Alo, and Vuori.