You will shortly see Lululemon announce its earnings, most likely chock full of numbers that don't look like Lululemon of yesterday. You will also get the musings of a new CEO that joined the company on Jan. 20. Belus Capital Advisors' Brian Sozzi has three not-so-obvious things investors should do with the report to determine whether this underperforming stock should be bought or avoided.

At the time of publication, Sozzi was long XXX, although positions may change at any time.

At the time of publication, Sozzi held no position in the stocks mentioned.

Brian Sozzi is the CEO and Chief Equities Strategist of Belus Capital Advisors. He is responsible for developing and managing an equities portfolio of mid- and large-cap positions, in addition to leading the firm's digital content initiatives. He is also a personal finance columnist for Men's Health magazine.

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