<p><strong>露露樂蒙 ****Athletica</strong>(LULU -18.59%) 最近在市場上並不受歡迎。在發佈了令人失望的 2025 財年第二季度（截至 8 月 3 日）財務更新後，股價大幅下跌。第二天股價下跌了 19%。</p>
<p>儘管股價下跌，但每位投資者都應該瞭解露露樂蒙的一個原因。</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>圖片來源：Getty Images。</p>
<h2>打折出售</h2>
<p>露露樂蒙以銷售昂貴的運動服裝和鞋類而聞名。它在市場上處於高端定位。然而，股票卻在打折出售。</p>
<p>如果投資者想購買這隻股票，他們只需支付 14 的市盈率（P/E）。這比 <strong>標準普爾 500</strong> 指數低了 44%。行業巨頭 <strong>耐克</strong> 的市盈率則高達 34.9。</p>
<p>難怪股價變得如此便宜。在過去五年中，露露樂蒙的股價下跌了 53%（截至 9 月 5 日）。目前的交易價格比不到兩年前的峯值低了 67%。目前對該業務的悲觀情緒非常濃厚。</p>
<h2>關注積極因素</h2>
<p>投資者可能會對將露露樂蒙加入觀察名單感興趣。儘管公司面臨銷售疲軟、宏觀經濟逆風和激烈競爭等挑戰，但仍有樂觀的理由。</p>
<p>該公司仍然盈利豐厚。其第二季度的毛利率為 58.5%，營業利潤率為 20.7%，這兩個數字都非常出色。而且這些數據是在露露樂蒙面臨巨大困難的情況下取得的。</p>
<p>此外，管理層仍然看到未來的增長潛力。露露樂蒙目前有 784 家門店，但計劃在 2025 財年新開 40 到 45 家淨新店。其中很大一部分將來自國際市場，特別是在中國，露露樂蒙在第二季度實現了 17% 的同店銷售增長。</p>

露露樂蒙

<p>Lululemon Athletica (LULU) 的股價在 2025 財年第二季度財務更新令人失望後下跌了 19%，五年來股價下跌了 53%。儘管如此，Lululemon 的市盈率為 14，比標準普爾 500 指數低 44%，使其成為一個有吸引力的投資選擇。該公司仍然保持盈利，毛利率為 58.5%，並計劃在 2025 財年開設 40-45 家新店，重點關注國際增長，特別是在中國，那裏同店銷售增長了 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>露露樂蒙 ****Athletica</strong>(LULU -18.59%) 最近在市場上並不受歡迎。在發佈了令人失望的 2025 財年第二季度（截至 8 月 3 日）財務更新後，股價大幅下跌。第二天股價下跌了 19%。</p>
</div><p>Despite the fall, here's one reason that every investor should know about Lululemon.</p>
<div class="lb-trans"><p>儘管股價下跌，但每位投資者都應該瞭解露露樂蒙的一個原因。</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>圖片來源：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>露露樂蒙以銷售昂貴的運動服裝和鞋類而聞名。它在市場上處於高端定位。然而，股票卻在打折出售。</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>如果投資者想購買這隻股票，他們只需支付 14 的市盈率（P/E）。這比 <strong>標準普爾 500</strong> 指數低了 44%。行業巨頭 <strong>耐克</strong> 的市盈率則高達 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>難怪股價變得如此便宜。在過去五年中，露露樂蒙的股價下跌了 53%（截至 9 月 5 日）。目前的交易價格比不到兩年前的峯值低了 67%。目前對該業務的悲觀情緒非常濃厚。</p>
</div><h2>Focus on the positives</h2>
<div class="lb-trans"><h2>關注積極因素</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>投資者可能會對將露露樂蒙加入觀察名單感興趣。儘管公司面臨銷售疲軟、宏觀經濟逆風和激烈競爭等挑戰，但仍有樂觀的理由。</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>該公司仍然盈利豐厚。其第二季度的毛利率為 58.5%，營業利潤率為 20.7%，這兩個數字都非常出色。而且這些數據是在露露樂蒙面臨巨大困難的情況下取得的。</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，管理層仍然看到未來的增長潛力。露露樂蒙目前有 784 家門店，但計劃在 2025 財年新開 40 到 45 家淨新店。其中很大一部分將來自國際市場，特別是在中國，露露樂蒙在第二季度實現了 17% 的同店銷售增長。</p>
</div>

每位投資者都應該知道關於露露樂蒙（LULU）的一個重要原因