GO
Loading...

Cramer: Good Looking Earnings from PVH

(Click for video linked to a searchable transcript of this Mad Money segment)

Never count out Manny Chirico, said Cramer. If anyone knows how to execute, it's Chirico, the CEO of PVH Corp.

As the company behind Calvin Klein, Tommy Hilfiger, Van Heusen, Izod, Bass, and Arrow - PVH owns a string iconic brands that have become synonyms with style.

Yet Wall Street grew skeptical of this company.

"The last time PVH reported, the company beat the numbers, but because management made some cautious comments about the integration of their recent $2.9 billion Warnaco acquisition, the stock got slammed, falling from $112 to $106—down more than 5% in a single day," Cramer explained.

Tom Merton | OJO Images | Getty Images

Cramer however, remained squarely behind the stock. On Wednesday March 27th he reminded investors that CEO Manny Chirico was particularly adept at just this kind of integration.

"PVH has had a ton of success in the past buying up its licensees and then operating their businesses more efficiently," said Cramer at the time.

As it turned out, Cramer was right.

---------------------------------------------------------
Read More from Mad Money with Jim Cramer
Cramer: Market 'Do Not Enter' Sign
Could Riots Set-Off Downturn?
Spectra's Big $50 Billion Move
---------------------------------------------------------

While looking at the most recent earnings release Cramer couldn't contain his enthusiasm.

"They shot the lights out," Cramer exclaimed. "PVH earned $1.91 a share when Wall Street was looking for only $1.35, that's a monster beat on revenues. And while management maintained their previous guidance for the full year, at this point I have to wonder if they're simply being very conservative."

Call Cramer: 1-800-743-CNBC

Questions for Cramer? madmoney@cnbc.com

Questions, comments, suggestions for the "Mad Money" website? madcap@cnbc.com

Contact Mad Money

  • Showtimes

    U.S.
    Monday - Friday 6p ET
    Australia
    Saturday 8a, 1p, 7p SYD
    Sunday 12a, 1a, 8a, 7p SYD
    New Zealand
    Saturday 10a, 3p, 9p NZ
    Sunday 2a, 3a, 10a, 9p NZ
  • Jim Cramer is host of CNBC's "Mad Money" and co-anchor of the 9 a.m. ET hour of CNBC's "Squawk on the Street."

Mad Money Features

  • Grab the latest CNBC gear from the NBCUniversal Store!

  • Get a behind-the-scenes look at how Cramer formulates his investment advice. "Inside the Madness" is a column, which features e-mails and more with Cramer and his researcher Nicole Urken.

  • You’ve always wanted to hit the “Hallelujah!” button. Here’s your chance.

Mad Money Moments

Cramer's New Book