The past year hasn't been kind to lululemon athletica (LULU 0.52%) investors. In fact, the stock has lost as much as 45% of its value over the past 12 months. However, with shares now trading near the stock's 52-week low, long-term investors may want to give the high-end athletic apparel retailer another look. Lululemon is set to report first-quarter earnings on Thursday. In the meantime, check out the presentation below to uncover five reasons why Lululemon's turnaround could yield profitable results for patient investors.