After Lululemon's Better-Than-Expected Earnings, Jim Cramer Sees 'Inflection Point'

Lululemon shares surged after reporting better-than-expected earnings.
Publish date:

Lululemon (LULU) - Get Report shares surging after reporting third quarter earnings of $0.47 a share, beating estimates of $0.43. Revenue rose 13% year over year to $544.4 million, topping estimates. Comparable store sales rose 7%. TheStreet's Jim Cramer says Lululemon may be at an inflection point, growing into a global clothing company with expansion in London and China. "Our third quarter results demonstrated strong execution across all areas of our business as we delivered continued topline momentum, outperformed in gross margin and inflected meaningfully in EPS," said Laurent Potdevin, the company's CEO. "This success is a result of our team's ongoing effort and commitment to delivering on our long term strategies." TheStreet's Scott Gamm reports from Wall Street.