"We've seen a lot of great retail quarters this earnings season, but LULU puts them all to shame," the "Mad Money" host said Wednesday, comparing the results to "a pitcher throwing a perfect game in baseball."
The most impressive part? Lululemon, which delivered strong results for its digital business, same-store sales, store traffic, male shoppers and China branches, did it all without a CEO at the helm.
"As far as I'm concerned, this team has proven they can do the job without a CEO," Cramer said in a playful nod to Lululemon's newly chosen CEO, Sephora veteran Calvin McDonald.
"Lululemon is firing on all cylinders and I think the stock still has more upside," the "Mad Money" host told investors. "It's not exactly cheap anymore at 37 times next year's earnings estimates, but I think LULU's absolutely worth buying into any weakness like, say, the weakness we had today."