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Baron Funds Comments on lululemon athletica Inc.

June 10, 2013 | About:
Holly LaFon

Holly LaFon

276 followers
lululemon athletica, Inc. (LULU), a manufacturer and retailer of yoga inspired apparel, was a detractor for the period. The company had some quality issues with its Luon fabric, which is used in many of its yoga pants. As a result, the company is short of product and expects to be impacted financially. We do not believe this is a long-term issue, and we think the company can rectify the issue by the end of the second quarter. We still believe lululemon possesses a great brand, strong customer loyalty and significant store expansion opportunities in the U.S. and overseas. (Laird Beiger)

From Baron Funds’ first quarter 2013 commentary.

Rating: 1.0/5 (1 vote)

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