Revolve Group is 'part of the reason why Macy's is getting obliterated ... disrupting what's left of the department stores, and it is working,' Jim Cramer says.
Revolve Group is "part of the reason why Macy's is getting obliterated ... disrupting what's left of the department stores, and it is working," CNBC's Jim Cramer says.
The stock dropped double digits on Friday after management delivered a revenue beat but earnings miss in its. Adjusted earnings came in at 18 cents per share, one penny shy of Wall Street expectations. The stock plummeted another 14% on Wednesday to close at $22.10, but the "actual companies are in very good shape," the host said.
While Revolve sources about 40% of its products from China, the host is convinced that tariff issues have been baked into the stock price and that the company can pass costs on to their customers.
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