lululemon athletica is in its infancy as a publicly traded Co. What an infancy it has been already! July 27, 2007
LULU IPO debuts on the NASDAQ Exchange and closes at $28 per share.
Oct. 16, 2007
lululemon athletica announces that same-store revenues will be higher than expected. The street had anticipated a growth rate (YOY) in the teens, but the Co notes strong volume and a strong Canadian dollar, then guides the street to a rate in the 30s. The stock moves from $41 to $47 in one session on 5.6 million shares — the heaviest trading since the IPO debut.
Oct. 17, 2007
In anticipation of the Wachovia Consumer Growth Conference, LULU zooms for a second day in a row. The stock gains more than $6 to an all-time high of $53.70 (13.5%) on 3.1 million shares.
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