The following video is from Tuesday's MarketFoolery podcast, in which host Chris Hill, along with analysts Jason Moser and Charly Travers, discuss the top business and investing stories of the day.
lululemon athletica's (NASDAQ:LULU) first-quarter earnings came in better than expected. With same-store sales rising 7% for the quarter, the popular maker of yoga-wear appeared to have put its recent troubles in the rearview mirror. But shares plunged today on the news that CEO Christine Day is resigning. In her five years at the top, Lululemon has grown steadily, and shares of the stock have risen more than 400%. In this installment of MarketFoolery, Charly and Jason discuss whether the next CEO will fare as well or if increased competition means the troubles are only beginning for Lululemon.
Charly Travers and Chris Hill have no position in any stocks mentioned. Jason Moser owns shares of Nike. The Motley Fool recommends lululemon athletica, Nike, and Under Armour and owns shares of Nike and Under Armour. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.