Jim Cramer Says Lululemon's Troubles Are Not Quite Behind Them
Jim Cramer says the Lululemon story is one of -5% comparable stores and he'd like to see more than just one quarter of negative comps trying to go positive.
Shares of Lululemon rocketed on Thursday after the yoga apparel maker posted better-than-expected sales and profits for the second quarter. Jim Cramer says when you see a big move of a stock that had cut estimates and then ended up beating the estimates that were cut and it goes up 10 percent, you missed it. But, Cramer says, the Lululemon story is one of minus 5 percent comparable stores. He says he'd like to see more than just one quarter of negative comps trying to go positive and he simply doesn't see that here. Cramer says if you want to get in the yoga game, go buy Deckers. He believes Deckers is about to have a breakout moment with its up-coming yoga shoe.
