Jim Cramer Says “It’s Painful to Watch Williams-Sonoma Get Dinged”

Williams-Sonoma, Inc. (NYSE:WSM) is one of the stocks that Jim Cramer discussed. Cramer discussed the company’s quarter and the market sentiment around the stock, as he commented:

“So when you get what looks like a surprisingly good quarter from Williams-Sonoma… and you look under the hood at what prices could be coming, sellers suddenly materialize and knock these stocks right down. It’s painful to watch Williams-Sonoma get dinged. See how Laura Alber’s doing Yeoman’s work trying to keep prices down.

In the end, though, she’s got a double whammy tariff issue: the current import from overseas and then the president’s attempt to put additional tariffs on imported furniture to bring back our own domestic manufacturers. Now, on the conference call, Alber made the point that some furniture just can’t be made here because we no longer have the capacity. She’s thinking about some of the cheaper Asian products, but the market doesn’t care about any of that.”

A man in black suit holding a tablet looks at stock market data on a monitor. Photo by Tima Miroshnichenko on Pexels

Williams-Sonoma, Inc. (NYSE:WSM) is a specialty retailer that provides home goods, furnishings, cookware, decor, and personalized products.

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Disclosure: None. This article is originally published at Insider Monkey.