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In his "Executive Decision" segment, Cramer again sat down with Manny Chirico, chairman and CEO of apparel maker PVH, which just posted a five-cents-a-share earnings beat with rising revenues and gross margins. The company also raised its full-year revenue and earnings guidance. Shares responded by rising 3.4%.
Chirico said that international sales continue to drive the growth of PVH, with comparable store sales in Europe up mid-to-high single digits, and the order books for Tommy Hilfiger up 10% and Calvin Klein up 25%. Ecommerce also continues to be strong, both at the company's own website and also at its online partners.
That's not to say that sales are not strong in North America, however. Chirico said that 58% of PVH sales still originate domestically and the back-to-school season is off to a strong start. PVH continues to meet customers wherever they are.
Finally, when asked what's next for the company, Chico said that PVH is always looking to buy back the parts of Calvin Klein that it doesn't control and is seeking opportunities to add other brands to its portfolio.
On Real Money, Cramer says that for Amazon (AMZN) - Get Amazon.com, Inc. Report , the execution of its new, alien bricks-and-mortar concept takes center stage now. Get Cramer's insights with a free trial subscription to Real Money.
Cramer and the AAP team do some charting analysis for their investment club members on General Electric (GE) - Get General Electric Company (GE) Report . Get in on the conversation with a free trial subscription to Action Alerts PLUS.
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