Jim Cramer on Ralph Lauren: “They Can’t Actually Transcend the Coming Negatives”

Ralph Lauren Corporation (NYSE:RL) is one of the stocks Jim Cramer commented on. Cramer discussed the company’s earnings and conference call during the episode, as he stated:

“Today, something happened on the Ralph Lauren conference call that was a harsh reminder not to expect that this market cares at all about what’s already happened. It only cares about what’s going to happen next… I gotta tell you, I loved it. Patrice Louvet is an amazing CEO, and Ralph Lauren’s been a terrific performer, a real standout in apparel. The actual quarterly results were phenomenal… Louvet was effusive about the business… which is what made me say this one could be a real winner today on Squawk on the Street.

… That’s everything I wanted to hear. Music to my ears… So I go out hard in favor of the stock on Squawk on the Street before the market opens, okay, emphasizing how Ralph Lauren’s never outta style brand can transcend all the negatives that we keep hearing about every day.

There’s only one problem: they can’t yet. They can’t actually transcend the coming negatives…

I believe that all the good things that Louvet talked about at the top of the call about the brand, the iconic company, the classic styles, well, I think they’re going to win out. I think Ralph Lauren, the company, can navigate its way through this manmade thicket. Still, though, today’s action is a textbook reminder and example of what can go wrong as we go into the fall when the tariffs hit.

I can’t blame anyone, particularly the management of Ralph Lauren, for being cautious. So I buy the weakness in Ralph Lauren, but you have to recognize that this market is rushing headlong toward the stocks of companies with no tariff exposure and away from companies like Ralph Lauren.”

Jim Cramer on Ralph Lauren: "They Can’t Actually Transcend the Coming Negatives"

Pixabay/Public Domain

Ralph Lauren Corporation (NYSE:RL) designs, markets, and sells clothing, accessories, home goods, and fragrances.

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