Lululemon earnings beat estimates, boosts full-year forecast

Lululemon Athletica (LULU) reported second quarter results that beat on both the top and bottom lines. Oppenheimer & Co. Senior Analyst Brian Nagel calls the results "very solid." Nagel goes on to say that Lululemon is benefiting from the fact that people are still dressing casually post-pandemic. On the consumer, Nagel says "this is one of the most fluid, frankly one of the most confusing consumer environments I have ever seen." "I think what we're seeing here is a discerning consumer," Nagel adds.