CNBC's Jim Cramer on Thursday reviewed Lululemon '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.
Lululemon saw major success during the pandemic as many consumers purchased athleisure and loungewear while working from home.
Inventory grew 14% in Q2, down from previous guidance of 20%, according to last week's conference call.
"I bet Lulu has a terrific holiday season, especially now that their inventories are back at reasonable levels," Cramer said.
Persons:
CNBC's Jim Cramer, he's, Cramer, Lululemon, fanny, Lulu
Organizations:
CNBC
Locations:
Lululemon, China