ululemon athletica: Topeka out positve ahead of earnings Thursday morning
Topeka notes that with renewed focus on product and supply chain, and a new senior team in place, they believe LULU can reclaim its spot as a standout concept in specialty retailing, given its focus on the still underserved women's athletic market, its premium product, lifestyle orientation and high growth potential. Expectations are low, along with a new low in the stock price, so they think LULU needs only to meet conservative expectations, maintain its rather conservative guidance and delineate its progress in product and supply chain initiatives to see a rebound this week.