Time to Buy Lululemon's (LULU) Stock After Beating Q1 Earnings Expectations?

Apparel giants like Lululemon (LULU)  and Nike (NKE)  are not immune to concerns about a slowdown in consumer spending with both stocks down roughly -8% over the last year. However, Lululemon continued to reaffirm its attractive growth prospects are still intact after beating Q1 top and bottom-line expectations on Wednesday with Nike set to report its quarterly results later in the month.Seeing that LULU has dropped -37% year to date, investors may be wondering if it’s time to buy stock in the popular yoga- ...