Lululemon has a 'long international runway' that will get it to $1 billion in sales (LULU)

Thomson Reuters

• Lululemon plans to reach $1 billion in international sales by 2020.
• Analysts at Oppenheimer believe that company is well on its way to getting there thanks to its strong fundamentals.
• Although former CEO and chairman Laurent Potdevin abruptly resigned over allegations of fostering a "toxic" work culture in February, the analysts believe that the company's fundamentals are still strong.
• You can view Lululemon's stock price in real time here.

Lululemon has set its sights on reaching $1 billion in international sales by 2020, and its well on its way to getting there, analysts at Oppenheimer say.

According to its third-quarter results, the athleisure retailer's sales in Asia doubled in the third quarter, while in Europe they were up 40%. The company reported total quarterly sales of $619 million, up 14% from the same quarter last year, and sales for the first three quarters ended October 29 was $1.72 billion.

That "long international runway," could help reach the $1 billion target, Oppenheimer analysts Anna Andreeva and Samantha Lanman wrote in a note to clients.See the rest of the story at Business Insider

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