Macy’s continued to earn Cramer’s commendation this week when the company reported better-than-expected earnings even despite what CEO Terry Lundgren saw as “little meaningful improvement in near-term macroeconomic conditions.”
Macy’s beat earnings expectations by 8 cents a share, which came on top of a fourth-quarter guidance hike back in January. Inventories were lean, online sales were robust, and the company was taking share.
But, as Cramer always says, Wall Street only cares about the future, not the past. So in order to remain in the Mad Money host’s buy column, Macy’s management needs to prove that it will deliver similar outperformance going forward. For that, Lundgren made yet another appearance on today’s show. Watch the video for the full interview.
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