Lululemon Shares Hit All-Time High After Monster Earnings Report

Lululemon shares broke an all-time high Thursday after the retailer blew past Wall Street’s expectations in its latest fiscal quarter and said it’s on track to hit a 2023 revenue target well ahead of schedule. The athletic apparel maker’s stock surged more than 13% in morning trading, reaching a record intraday high of $434.22. Shares had last reached an intraday high of $417.85 on Aug. 30. As of Wednesday, Lululemon had gained about 9% year to date, bringing its market value to almost $50 billion. Read more at CNBC.