Anna Andreeva from Piper Sandler and Janine Stichter from BTIG discuss Lululemon’s earnings. Andreeva maintains a neutral rating due to flat U.S. sales and potential margin erosion from marketing investments. Stichter is more optimistic, citing international growth and improvements in the U.S. business, particularly in women’s products and leggings. Both analysts acknowledge the competitive landscape and the need for Lululemon to invest in marketing to sustain growth.