Did you miss last night's "Mad Money" on CNBC? If so, here are some of Jim Cramer's top takeaways.
In his second "Executive Decision" segment, Cramer spoke with Farooq Kathwari, chairman, president and CEO of Ethan Allen (ETH) - Get Ethan Allen Interiors Inc. Report , the furniture retailer that just posted a penny-a-share earnings beat off of previously lowered expectations. Shares declined 12% after the report.
Kathwari admitted that Ethan Allen was up against some tough comparisons this quarter, but noted that the company will be increasing marketing spending by 20% because after years of restructuring, its products, manufacturing, designers and retail network is now ready to handle the growth.
Kathwari continued by noting that beginning next month, Ethan Allen will begin a national TV campaign, along with digital and print advertising that will help lure customers back to stores. He was also optimistic on a new partnership with Walt Disney (DIS) - Get Walt Disney Company Report to bring 500 new Disney-themed items to stores.
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At the time of publication, Cramer's Action Alerts PLUS had no position in stocks mentioned.