Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of fashionista retailer True Religion
So what: Revenue rose 20% to $98.3 million while profit soared 30% to $0.38 a share. Analysts had been looking for $91.5 million and $0.34 a share, respectively, marking the second consecutive quarter in which True Religion has made Wall Street look silly.
Now what: Foolish colleague Sean Williams sees the report as confirming of a sustainable edge for the denim diva. "Is True Religion a bargain relative to its peers? I think the answer is still yes, even with [the stock] nearing its all-time high," he wrote earlier today. Do you agree? Disagree? Let us know what you think about True Religion using the comments box below.
Interested in more info on True Religion? Add it to your watchlist .