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Lululemon (LULU) shares are climbing in after-hours trading after beating first quarter earnings estimates and raising its share buyback program to $1 billion. Bernstein Senior Analyst Aneesha Sherman joins Market Domination Overtime to break down the earnings report and what it signals about the state of consumer spending.
"This has been a really big and successful brand in the United States. It's the biggest market shareholder in women's apparel in the US," Sherman says. However, she calls the brand "mature" in the US, explaining that it has stopped growing. "Now the question is, can they offset that with international? And this quarter, they did," she adds.
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This post was written by Melanie Riehl