“I am Impressed,” Says Jim Cramer About Ralph Lauren (RL)

Luxury apparel and products steadfast Ralph Lauren Corporation (NYSE:RL) factored into the treatment arsenic Cramer discussed the retail manufacture and user spending. He mentioned the steadfast aft co-host Carl Quintanilla mentioned Tapestry’s latest net study that saw the firm’s shares autumn contempt a gross and net beat. Along with Tapestry, Ralph Lauren Corporation (NYSE:RL) besides reported its earnings. The firm’s second-quarter results saw it rise its full-year gross guidance maturation to a 6% midpoint and bushed expert gross and EPS estimates. Cramer mentioned Ralph Lauren Corporation (NYSE:RL) arsenic helium pointed retired that the steadfast was attracting user spending, peculiarly from affluent consumers:

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“[Tapestry] Didn’t stroke it out. Didn’t stroke it out. But I’ll archer you wherever they’re spending. Do you cognize that Ralph Lauren has a 300,000 dollar watch? I’d springiness my close limb for that, which is astir apt what happens erstwhile you bargain it. 300,000 dollar watch. This is Patrice Louvet, and his numbers are up. And I americium impressed.”

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.