CNBC’s Jim Cramer said Tuesday that the company behind Vans, The North Face and Timberland has a promising blueprint to turn around its fortunes.its fiscal year revenue and profit forecasts. The stock resumed a sell-off that began with Friday’s more than 5% decline.
While acknowledging the near-term challenges due to a more cost-conscious consumer, Cramer said on “Squawk on the Street” that new CEO Bracken Darrell’s plan to overhaul the company should lift the stock down the road.(LOGI) as a reason to give him the benefit of the doubt. The executive previously led P&G’s recovery plans for the consumer product giant’s Old Spice brand.
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