People walk past a store of yogawear retailer Lululemon Athletica in downtown Vancouver June 11, 2014. REUTERS/Ben Nelms
Thomson Reuters
  • Lululemon plans to reach $1 billion in international sales by 2020.
  • Analysts at Oppenheimer believe that company is well on its way to getting there thanks to its strong fundamentals.
  • Although former CEO and chairman Laurent Potdevin abruptly resigned over allegations of fostering a “toxic” work culture in February, the analysts believe that the company’s fundamentals are still strong.

Lululemon has set its sights on reaching $1 billion in international sales by 2020, and its well on its way to getting there, analysts at Oppenheimer say.

According to its third-quarter results, the athleisure retailer’s sales in Asia doubled in the third quarter, while in Europe they were up 40%. The company reported total…