Cramer reviews Lululemon's Q2 earnings, says it's not too late to buy

📆 07/09/2023 23:23:00
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CNBC’s Jim Cramer on Thursday reviewed Lululemon’s Q2 earnings, and explained the company’s growth after its post-Covid hangover.

's Q2 earnings, and said he's pleased with the athletic apparel company's progress after seeing its stock plummet post-Covid.

"I think it's not too late to get back into Lululemon if you bailed on it at some point over the past two years," Cramer said."The brand seems just as strong as ever and the last couple of quarters, holy cow." Lululemon saw major success during the pandemic as many consumers purchased athleisure and loungewear while working from home. Then, when the pandemic's effects on the consumer economy began to recede, the stock sank. It didn't help that during the height of the Covid home-workout craze, Lululemon acquired at-home fitness business Mirror for $500 million.

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