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Jim Cramer on Why He Liked Lululemon's Quarter

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RealMoney Stock of the Day Lululemon (LULU) reported fourth-quarter earnings and revenue that beat Wall Street estimates.

Lululemon posted adjusted earnings in the quarter of $1.85 a share, topping analysts' estimates by 11 cents. Revenue rose 26% from a year earlier to $1.2 billion and beat analysts' expectations of $1.15 billion.

Same-store sales in the quarter jumped 16% (17% on a constant dollar basis) and matched expectations.

The company guided for fiscal first-quarter revenue of $740 million to $750 million vs. expectations of $744 million. Lululemon said it expects earnings of 68 cents to 70 cents a share in the quarter, ahead of expectations of 67 cents.

The company also said it would buy back $500 million of its stock.

Curious about whether or not Lululemon is a buy after earnings? Jim Cramer said, "yes absolutely." 

Related. Retail Sales Horror? Not Lululemon

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