Ralph Lauren Corporation (NYSE:RL) was among the stocks Jim Cramer discussed in this changing market.
Cramer highlighted that the company posted a “blowout quarter,” as he commented: Now, let’s talk about the second clear winner among the major retailers, and it’s one that I really, really like, that I’m so glad they delivered, which is Ralph Lauren
Now, these guys delivered just a true blowout quarter. 17% revenue growth translated into a 25-cent earnings beat off a 2.55 basis. Even better, Ralph Lauren posted 17% direct to consumer comparable store growth. Wall Street was only looking for 8.5%.
The brand, it’s on fire. In fact, Ralph Lauren’s been roaring for several years now under CEO Patrice Louvet. The company’s merchandising has been excellent.