The following video is from Tuesday's Investor Beat, in which host Chris Hill and analysts Jason Moser and Charly Travers dissect the hardest-hitting investing stories of the day.
First-quarter earnings for lululemon athletica (LULU -3.50%) 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 the lead story from today's Investor Beat, Motley Fool analysts Charly Travers and Jason Moser discuss whether the next CEO will fare as well or if increased competition means the troubles are only beginning for Lululemon.
The relevant video segment can be found between 0:18 and 2:29.
