Many restaurants have been struggling lately, yet Popeyes Louisiana Kitchen managed to deliver surprisingly strong results this quarter.
In the last couple of years, Popeyes' stock has stalled, making Cramer wonder if growth had decelerated. However, when Popeyes reported on Wednesday, the stock roared more than 8 percent the next day in response.
Cramer spoke with Popeyes CEO Cheryl Bachelder, who confirmed that the company is looking for more traffic to start coming into restaurants.
"Hopefully now that things are certain, more certain about the future, maybe a little bit more optimism about economic growth, hopefully we see some real return to the restaurants coming forward," Bachelder said.
With the Federal Reserve expected to raise rates next month, Cramer dove into what it could mean for the high-yielding bond market equivalent stocks, like real estate investment trusts (REITs).
Many REITS have been under pressure in anticipation of a rate hike, like Apple Hospitality, which has fallen more than 10 percent in the past three months, even though it just reported a strong quarter on Monday.
Apple Hospitality is a real estate investment trust that owns 236 hotels in high-end urban or suburban markets, all under the Hilton or Marriott brands. Two months ago it merged with Apple REIT Ten in a $1.3 billion deal to create one of the biggest select-service lodging plays out there.
Cramer spoke with Apple Hospitality's CEO Justin Knight, who explained the diversification of the company has created solid fundamentals. Cramer speculated that the stock simply fell not because of the fundamentals, but because the company has an attractive yield, and with rates expected to rise investors are rotating into bond plays.
"When we built our portfolio, we were really looking to mitigate risk and create stability for our shareholders," Knight said.
In the Lightning Round, Cramer gave his take on a few caller favorite stocks:
Chemours: "Holy cow, that thing is a bat out of hell! It has moved too much. The short-sellers are all over it, but I say ka-ching ka-ching."
Acuity Brands: "This one was considered to be a secular grower in an area where all people want is cyclical. It is not right to own right now."