In an exchange with Lululemon Athletica founder Chip Wilson on Wednesday, Jim Cramer was advised by Wilson that he has set the bar too low for the company.
On CNBC's "Squawk on the Street," the discussion began with Cramer stating that he thinks Lululemon's management has done a good job, and ended with Wilson advising Cramer that he has let the company off the hook by setting the bar too low.
"I did think Mr. Wilson's position toward my view was ill-advised. I try to set the highest bar there is, a virtual pole vault, when other seek only the high jump," the "Mad Money" host said.
Cramer considered the case to be clear-cut. He held up research containing bullish analysis of Lululemon's most recent quarter, yet Wilson claimed Cramer was missing the point.
However, an 8 percent rise in total same-store sales is still better than any other retailer or apparel company Cramer follows, with the exception of Ulta Salon.