Lululemon earned 74 cents a share in the period, beating Wall Street forecasts by 3 cents. Revenue of $782.3 million rose 20% from a year earlier and topped estimates of $756 million. Comparable-store sales rose 6%.
In the conference call, Lululemon management discussed the issue of tariffs and whether or not the tariffs will impact the products.
Jim Cramer said that the key to Lululemon's products is that consumers feel that it represents "great value" and that a lot of working out is done in public places, so consumers want to wear clothing that's fashionable and durable.
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