William Blair research analyst Sharon Zackfia provided her insights on Lululemon’s earnings, store opening strategy, and consumer spending trends in Retail Dive.

“Against a peer earnings backdrop characterized by warnings of consumer softness and higher shrink, Lululemon once again posted an impressive beat-and-raise quarter, with revenue beating the high end of guidance by 2% on continued broad-based strength across channels, categories, and geographies,” she told the publication.