Ralph Lauren CEO Patrice Louvet told CNBC's Jim Cramer on Thursday that even though the company didn't raise its full-year guidance in its Thursday report, he feels optimistic about the future and has faith in the brand's core consumer.
Ralph Lauren's report saw revenue come in at $1.50 billion, topping the $1.48 billion consensus estimate, according to Refinitiv.
However, the company failed to raise its full-year guidance, and its stock was down nearly 5% by Thursday's close.
"There is a lot of volatility right now, there's a lot of uncertainty across the channels.
Louvet stressed that Ralph Lauren is also focusing on high exposure and brand visibility, touting the celebrities that have appeared in its clothing such as Jennifer Lopez, Beyoncé, Ariana Grande, David Beckham and Jill Biden.
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