<p><strong>露露乐蒙 ****Athletica</strong>(LULU -18.59%) 最近在市场上并不受欢迎。在发布了令人失望的 2025 财年第二季度（截至 8 月 3 日）财务更新后，股价大幅下跌。第二天股价下跌了 19%。</p>
<p>尽管股价下跌，但每位投资者都应该了解露露乐蒙的一个原因。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzIyNTQvZG9pbmcteW9nYS1hdC1ob21lLmpwZyZ3PTcwMA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzIyNTQvZG9pbmcteW9nYS1hdC1ob21lLmpwZyZ3PTcwMA"/></p>
<p>图片来源：Getty Images。</p>
<h2>打折出售</h2>
<p>露露乐蒙以销售昂贵的运动服装和鞋类而闻名。它在市场上处于高端定位。然而，股票却在打折出售。</p>
<p>如果投资者想购买这只股票，他们只需支付 14 的市盈率（P/E）。这比 <strong>标准普尔 500</strong> 指数低了 44%。行业巨头 <strong>耐克</strong> 的市盈率则高达 34.9。</p>
<p>难怪股价变得如此便宜。在过去五年中，露露乐蒙的股价下跌了 53%（截至 9 月 5 日）。目前的交易价格比不到两年前的峰值低了 67%。目前对该业务的悲观情绪非常浓厚。</p>
<h2>关注积极因素</h2>
<p>投资者可能会对将露露乐蒙加入观察名单感兴趣。尽管公司面临销售疲软、宏观经济逆风和激烈竞争等挑战，但仍有乐观的理由。</p>
<p>该公司仍然盈利丰厚。其第二季度的毛利率为 58.5%，营业利润率为 20.7%，这两个数字都非常出色。而且这些数据是在露露乐蒙面临巨大困难的情况下取得的。</p>
<p>此外，管理层仍然看到未来的增长潜力。露露乐蒙目前有 784 家门店，但计划在 2025 财年新开 40 到 45 家净新店。其中很大一部分将来自国际市场，特别是在中国，露露乐蒙在第二季度实现了 17% 的同店销售增长。</p>

露露乐蒙

<p>Lululemon Athletica (LULU) 的股价在 2025 财年第二季度财务更新令人失望后下跌了 19%，五年来股价下跌了 53%。尽管如此，Lululemon 的市盈率为 14，比标准普尔 500 指数低 44%，使其成为一个有吸引力的投资选择。该公司仍然保持盈利，毛利率为 58.5%，并计划在 2025 财年开设 40-45 家新店，重点关注国际增长，特别是在中国，那里同店销售增长了 17%</p>

<p><strong>Lululemon****Athletica</strong>(LULU -18.59%) certainly isn't winning over the market these days. After providing a disappointing second-quarter 2025 (ended Aug. 3) financial update, shares have cratered. They fell 19% the following day.</p>
<div class="lb-trans"><p><strong>露露乐蒙 ****Athletica</strong>(LULU -18.59%) 最近在市场上并不受欢迎。在发布了令人失望的 2025 财年第二季度（截至 8 月 3 日）财务更新后，股价大幅下跌。第二天股价下跌了 19%。</p>
</div><p>Despite the fall, here's one reason that every investor should know about Lululemon.</p>
<div class="lb-trans"><p>尽管股价下跌，但每位投资者都应该了解露露乐蒙的一个原因。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzIyNTQvZG9pbmcteW9nYS1hdC1ob21lLmpwZyZ3PTcwMA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F832254%2Fdoing-yoga-at-home.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>图片来源：Getty Images。</p>
</div><h2>Selling on the discount rack</h2>
<div class="lb-trans"><h2>打折出售</h2>
</div><p>Lululemon is known for selling expensive athletic apparel and footwear. It's positioned at the premium end of the market. However, the stock is selling on the discount rack.</p>
<div class="lb-trans"><p>露露乐蒙以销售昂贵的运动服装和鞋类而闻名。它在市场上处于高端定位。然而，股票却在打折出售。</p>
</div><p>If investors wanted to buy this stock, they only have to pay a price-to-earnings (P/E) ratio of just 14. This represents a sizable 44% discount to the <strong>S&amp;P 500</strong> index. <strong>Nike</strong>, the heavyweight in the industry, trades at a much steeper P/E multiple of 34.9.</p>
<div class="lb-trans"><p>如果投资者想购买这只股票，他们只需支付 14 的市盈率（P/E）。这比 <strong>标准普尔 500</strong> 指数低了 44%。行业巨头 <strong>耐克</strong> 的市盈率则高达 34.9。</p>
</div><p>It's no wonder shares have become so cheap. In the past five years, Lululemon stock is down 53% (as of Sept. 5). And they currently trade 67% below their peak from less than two years ago. There is a ton of pessimism surrounding the business these days.</p>
<div class="lb-trans"><p>难怪股价变得如此便宜。在过去五年中，露露乐蒙的股价下跌了 53%（截至 9 月 5 日）。目前的交易价格比不到两年前的峰值低了 67%。目前对该业务的悲观情绪非常浓厚。</p>
</div><h2>Focus on the positives</h2>
<div class="lb-trans"><h2>关注积极因素</h2>
</div><p>Investors might be interested in adding Lululemon to their watch lists. Despite the company's struggles, namely sluggish sales amid the macro headwinds and intense competition, there are reasons to be optimistic.</p>
<div class="lb-trans"><p>投资者可能会对将露露乐蒙加入观察名单感兴趣。尽管公司面临销售疲软、宏观经济逆风和激烈竞争等挑战，但仍有乐观的理由。</p>
</div><p>The company is still highly profitable. Its Q2 gross margin of 58.5% and operating margin of 20.7% are both superb figures. And these are coming at a time of great difficulty for Lululemon.</p>
<div class="lb-trans"><p>该公司仍然盈利丰厚。其第二季度的毛利率为 58.5%，营业利润率为 20.7%，这两个数字都非常出色。而且这些数据是在露露乐蒙面临巨大困难的情况下取得的。</p>
</div><p>Additionally, management still sees growth potential on the horizon. Lululemon currently has 784 stores, but it plans to open 40 to 45 net new locations for all of fiscal 2025. A good portion of those will come internationally, particularly in China, where Lululemon posted strong same-store sales growth of 17% during the second quarter.</p>
<div class="lb-trans"><p>此外，管理层仍然看到未来的增长潜力。露露乐蒙目前有 784 家门店，但计划在 2025 财年新开 40 到 45 家净新店。其中很大一部分将来自国际市场，特别是在中国，露露乐蒙在第二季度实现了 17% 的同店销售增长。</p>
</div>

每位投资者都应该知道关于露露乐蒙（LULU）的一个重要原因