Why Lululemon Stock Popped Today

Lululemon's CEO will hand over his company on an earnings beat, to a replacement yet-to-be-named.Lululemon Athletica (LULU +10.13%) stock soared 8.8% through 11 a.m. ET Friday after crushing on earnings last night.Analysts forecast Lululemon would earn $2.21 per share on less than $2.5 billion in sales in Q3, but the company reported $2.59 per share on nearly $2.6 billion in sales. Lululemon Q3 earningsLulu grew sales 7% in Q3, despite only a 1% increase in same-store sales. Literally all the growth was in ...