This is always the smallest quarter of the year, says Columbia Sportswear CEO

Published: Jul 29, 2024 Duration: 00:01:55 Category: News & Politics
Tags : investing wall street stock market retirement CNBC Mad Money invest jim cramer cramer kramer lightning round investment strategy
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WHERE IT'S HEADED. MR. BOYLE, WELCOME BACK TO "MAD MONEY." >> JIM, THANKS FOR INVITING US HERE. >> WELL, I GOT TO TELL YOU, TIM, THIS IS THE QUARTER THAT I'M SO FEARFUL OF HAPPENING AROUND ALL THE WORLD IS THAT WE'RE THE SLOW ONES. SUDDENLY OUT OF NO, WHERE MAYBE BECAUSE IT'S POLITICAL, MAYBE BECAUSE OF PROBLEMS, WE DON'T KNOW WITHIN INFLATION, BUT IT LOOKS LIKE THAT OUR COUNTRY IS NO LONGER AS GOOD AN ENVIRONMENT AS SOME OF YOUR OTHER AREAS. >> WELL, YOU KNOW, IT'S A LITTLE BIT UNUSUAL ONE, AS YOU MENTIONED. BUT SECONDARILY FOR OUR COMPANY, THIS IS ALWAYS THE SMALLEST QUARTER OF THE YEAR. >> RIGHT. >> SO ANY PARTICULAR ISSUE CAN GET MODIFIED AND ACCELERATED. WE'RE STILL BULLISH ON THE BUSINESS OBVIOUSLY, AND THE U.S. IS A GREAT PLACE TO LIVE. AND THE REASON OUR COMPANY DOES SO WELL IS BECAUSE CONSUMERS AROUND THE WORLD RECOGNIZE AMERICA AND ESPECIALLY THE AMERICAN WEST. SO THINGS ALWAYS GET A LITTLE TURBULENT WHEN THERE IS AN ELECTION GOING ON. AND WE'RE JUST GREAT THAT WE HAVE PLACES IN THE WORLD THAT ARE MORE ROBUST THAN HERE. >> INCLUDING IT SOUNDS LIKE CHINA, WHERE MOST PEOPLE ARE SEEING A DEFINITIVE SLOWDOWN, PARTICULARLY ON SPORTS AND APPAREL. >> WELL, YOU HAVE TO REMEMBER, AND WE'VE BEEN QUITE OPEN ABOUT THE FACT THAT WE UNDERPERFORMED IN CHINA FOR A PERIOD OF TIME, WE'VE GOT A GREAT TEAM THERE. SO WE'RE COMING OUT OF IT, AND WE'RE GROWING. AND WE'VE GOT A REALLY GOOD TEAM THERE THAT REALLY UNDERSTANDS THE MARKET. SO THERE IS LOTS OF OPPORTUNITY FOR US

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