mester on the show. >> yes. >> tremendous. >> tremendous. >> great to have her. >> and jared. big show tonight, mel. >> huge. >> i'm looking forward to tomorrow, halloween with you -- >> boo. >> going to be fantastic. >> so much fun. >> the a in my clam continues to be agnico eagle will my mission is simple, to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. mad money starts now. hey, i'm cramer. welcome to mad money. welcome to "cramerica." i'm just trying to make you a little money. my job is not just to entertain but to educate. call me at 1-800-743-cnbc or tweet me @jimcramer. every earning season we

try to grade the companies that report. when we are great and we want something objective and easy to get your head around, nothing opaque. ideally we hope from companies like reddit . they were expecting a loser but they had modest growth and that's why it soared 42% today. after another day where the dow felt monday three points, and the s&p and nasdaq dipped, it's worth reporting that the quarterly report cards are not that clean and simple. we want a multiple-choice test button says it is objective arguments. the headlines to read as quickly as possible can't catch the wants of the moment. a cul-de-sac at best and a 50 car pile up on the interstate if you are not careful.

we had a lot of pileups. all happy feet and raise quarters are light. each disappointing quarter is disappointing in its own way. it makes it much harder to cover these rigorously, but i would rather do it right then leave you to fend for yourself off the headlines that don't even tell the whole story. alphabet defines a haffey -- happy me and race. nobody expected it at all. the company has a bad habit of giving you a muddled message even when it's doing well so it routinely sells off on earnings. we had a quarter that was like the old google when it was still called google. search was fabulous. youtube was great. google cloud is on fire. it shot up almost 3% in response and i bet it can keep running for days and days. it was hat much better than expected. where ever these are worth a lot more. given that all happy

be and raise quarters are the same we don't need to do a deep dive into reddit. if you're a fisherman in other angler which earned $1.99 per share or that matter of the crisp set of numbers from visa or shake shack. more on that when we speak to rob lynch. let's deal with the problematic, unhappy shortfalls. both nuanced beyond belief. let's start with the amd one of my favorite semiconductors for a long time. last month they reported an extraordinary quarter. numbers i never could have imagined. i would've thought the making artificial intelligence chips would be incredible. the traders don't care about the quarter that is in the rearview mirror. they care about the next quarter. on that basis they did well, but not well enough. they had good revenues but not

good enough. when you're a highrolling company you need to deliver nvidia style. it did not give us a blastoff. it was fine, not special. the problem with the forecast as they are facing some constraint. they cannot make enough chips to meet demand and the forecast was like here or there. think of this company as a b student that gave you and in line forecast right down the middle. it's not enough so they got the clock cleaned. some of them said they gave you an actual forecast cut. i don't believe it. the numbers were simply good, but not good enough given the expectations. that's why the stock dropped more than 10% to where i think we should be getting some for the travel trust. then there is the favorite eli lilly. here is a stock that has been almost as hot as nvidia.

given how much it's run into the quarter we needed to see some extraordinary numbers from the revolutionary drugs for diabetes and weight loss and we needed them to raise the forecast dramatically. we got nothing like that. instead, it was a real with. the explanation was totally opaque. i'm still trying to figure out what happened. too much supply, too little demand? talk about an unhappy forecast. my mom was always encouraging and thought i was really smart. she would say, jimmy, if you don't understand maybe it's not understandable. i am invoking that role in this one. the shortfalls are the ones that management simply refuses to acknowledge either because they are in a state of denial or they are full of it. that was the conference call from wingstop. every quarter they give a

dynamite set of earnings and forecast but today they had same stale -- sales and did not even mention the earnings shortfall. the only thing wall street hates more is when they try to pretend they missed it. wingstop plunged 21% today. if you are obviously guilty and you refuse to accept the plea bargain the judge is going to throw the book at you. two members of the magnificent seven reported just this evening. microsoft reported much better than expected growth for the azure cloud. 12 points of that growth came from a.i. offerings. as i have told you many times the success of each microsoft quarter is determined by forward guidance which they don't give us until the heart of the conference call that is

going on right now. meta stock reported but there was not a lot of lingo. i still can't be sure that it should be down so much. hard to pin down and unbeaten that made the numbers. memo to ceos everywhere. every strikeout must be explained or we will be concerned that you don't take the process seriously. if you don't want to face the music you need to give us the happy family forecast. you need to admit that you were wrong, why, and how we fix for the next report card. jordan in oregon. >> good afternoon, jim. booyah and thank you for taking my call. >> my pleasure. what is going on. >> the data centers and the gpu

chips heating up in the market with the cooling systems they need to keep them running at optimal speed should be a central. you had hp the other day to talk about their plans to beat the heat. i was wondering if you could give me your take on a ticker symbol in the same field. it is ert. >> this is a really interesting situation. i have liked them from day one. i think it is just terrific if you want to isolate that particular element. the chairman introduced me to the stock at 16. i will say that when i look at data centers in general i did like hpe especially with the news of supermicro i think it should be bought aggressively. earnings misses are part of the business but it's on the leaders of the company to explain them otherwise they'll be concerned you are just not taking the process seriously. i took a trip to alto to get a

better read on cosmetics. i am checking in with the ceo about the path ahead. is more growth on the table for shake shack after today's a remarkable earnings sent them surging to a new high. i am sitting down with the ceo of the brand behind north face and vans and so many others so stay with cramer. >> don't miss a second of mad money. follow @jimcramer on x. have a question, tweet cramer. sent jim an email to lldmoney@cnbc.com or give us a ca at 1-800-743-cnbc . miss something, had to madmoney.cnbc.com.

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it's been a tough year for nearly everybody in the cosmetics space including ulta beauty down nearly 35% from march highs. earlier this month the company held an investor day event which sent stock fire. they say 2025 will be a transitional year, but 2026 can be better. we spoke to dave kimmel, the ceo of ulta beauty in manhattan. take a look. >> before we get started, we are in a beautiful story. tell me what is new here because new cells. >> first of all, thanks for coming. it's always great to have you in our stores. there is always something new

at ulta beauty. 20 to 30% of sales every year our new products. we are moving into the biggest new product time of the year with holiday. you see right now we are in the middle of a big wicked presentation with n exclusive partnership with universal to bring the movie to life. the anchor of that is ariana grande with her line. as i have said many holiday items to delight our guests. >> it will delight the people that are members of loyalty because that is a huge source of customers. >> a little over a week ago we laid out strategies. an acre of that is the loyalty program. 44 million members with high retention and high growth. more importantly it's the source of future growth both attracting new members, the millions of enthusiasts that

are not in the program and existing members, getting them to engage in all we have to offer. i'm really proud of what we've built and look forward to driving that into the future. >> there are moments to talk about the company and analyst a given the forecast that make me feel like you yourself think that things are troubled but at the same time you are talking about a very robust category and a consumer that i think will be doing a lot of buying. >> we are in a great category. it has been proven over time to be a strong and resilient category. for the decades leading up to the pandemic it grew in the low to mid single- digit range. the last three years we have seen extraordinary growth from 21, 22, 23 coming out of the pandemic as consumers were even more engaged. this year the category has moderated but still on the high end of its healthy, historic range.

as we look forward, the drivers of the category we believe will continue to sustain this healthy growth, the connection to wellness, positive demographic trends. innovation and younger consumers getting into the category at stronger rates than previous generations. with all that, alto beauty has been a leader and we believe we are very well positioned to gain share over time. >> the numbers, 70 to 75 million. now you are using 140 million. to me, 140 million that are potential customers could go to 60 million for loyalty but what it really means, i think you get out of the rut of low single-digit. is that possible? >> first, we see a tremendous opportunity to continue to grow. we expand our view of the opportunity ahead. as you said, we had previously thought about 70 to 75 million

beauty enthusiasts. as we look more broadly younger consumers, increasing connection by men into the category gives us a great opportunity to find growth. what we laid out over the long- term will lead to what we believe a 4 to 6% top line growth which will be ahead of the category and allow us to continue to gain share as we've done for most of our almost 35 year history. >> i know that there are people that are very concerned about sephora taking share and amazon has moved up. these are powerful opponents. how can they be dealt with in a way that people feel i have to own ulta . >> i have been with ulta for a little over 10 years. there has not been a day that this category has not been highly competitive. we are used to competing and we are used to winning. the strategy is built to ensure we continue to gain share and

drive the business. it's rooted in a couple of core ideas. first, we look at guests not through a demographic lens. it is defined by their shared passion and enthusiasm for the category. ulta is uniquely positioned to deliver that. we have the combination of the powerful assortment with 600 brands, the loyalty program, the experience you get when you walk into any of our stores and the increasing availability we have through accelerated store openings, outstanding digital presence in the partnership with target, all of that comes together in a unique model that we are confident will allow us can -- to continue to grow and gain share. >> what i am looking for is signs of confidence. buyback, buffet taking a stake. how do you feel about the confidence? >> we are very confident in our

future. we laid out at the investor day the strategies that we believe are going to drive the business into the future. the confidence was reinforced, as you said, when buffet invested in our business, another signal that we believe others see the value. and share buybacks. we will get about $1 billion back. the board just authorized a $3 billion additional buyback in the future. we know we have a lot of confidence. the financial position is very strong. we invest in the business to drive growth through new stores, through technology, through advanced supply-chain capabilities and we return value to the shareholders through buybacks and that program has worked very well for us. >> you are in crunch time because we have the holiday season. are you ready for numbers? the store is still the basis.

are you ready for online competition? and how do you feel about the actual makeup category. i know that skincare is great, i know that hair is a differentiator but i am concerned about actual makeup. >> we are always ready to deliver a complete and integrated way. it starts with the stores. 1400 stores, we are growing and will be adding 1400 over the next few years. we surround that with integrated experiences. e-commerce continues to grow. we have a strong share position. even with increased competition we've seen that business play an important role expanding our capabilities to deliver for our guests through in-store pickup, same-day delivery. our guests love what we deliver and we are continuing to innovate. we have a tremendous share for makeup.

it is our largest category. again, over time it has had some ups and downs but what we see right now is a strong connection to the category and strong desire to express yourself to the world through beauty and makeup. we are looking into this holiday season as being an important moment in the makeup category. we see that continuing to 2025. the innovation, new brands like ilia that we just launched recently. strength with brands like clinique. we have the best portfolio in the category of makeup and we are confident in its ability to drive growth. >> i know that they are people who say, if you go up against amazon walgreens is the benchmark of what can be eviscerated. personalization, haircare, what are the other weapons that you

can say, that analogy is fatuous. we grow, we are winners in the category and we can't be stopped. >> we have been competing against many large competitors for a long time with success. what really differentiates us is the combination of experience. we have an assortment that nobody else has. we have 40 exclusive brands, we have a connection from the entry level and high-end luxury. we have a very unique proposition. we have strength across all of our categories and increasingly into wellness which is an opportunity for us. it is really important to compete against any online competitor that we have strong operational excellence. we have capabilities to deliver for our guests whenever and wherever they want. and that's what they love.

>> that's what i think about your company which is a winner, always has been. that buyback with buffet with newness and personalization there is a lot here. dave, thank you so much. coming up, shake shack is sizzling. time to shake up your portfolio with an investment? cramer takes a bite, next.

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here is a great story. shake shack reported its first full quarter with rob lynch and they shot the lights out. the stock was up nearly 8%, part of a plethora of stocks that exploded today. so how did they do it? and can it keep running? let's check in with rob lynch, the new ceo of shake shack. welcome back. >> thank you for having me. >> we know you as the man who turned around and made papa john's a great stock winning the pizza wars when you left. you have now taken over the gem, you tell me how to describe it. i don't know the term because it is really category 1. >> i don't think that there is a competitor. we talk about ourselves as being part of the fine casual

movement, leading the fine casual movement. when we talked about papa john's it was always the quality of the ingredients. papa john's is great about that. shake shack is at the pinnacle of quality in the industry. everything we bring into the restaurants is fresh, we make it fresh when people order it just trying to deliver the best would we possibly can. >> i think it is a treat. i have been on vacation at citi field. how did you do during the playoffs? >> it was one of our first in new york. we wish the mets would have made it a little bit further. a subway series would have been great but we blew it up during the playoffs. mets fans love shake shack. >> they do. one of the reasons is it is premium. you have now started to do the marketing that is deserving of premium. i've always felt that shake

shack, i don't want to say under managed but under known. the brand is much bigger than the stores. you have to put up double the numbers. >> we have big aspirations. michael is to bring shake shack to the world. the visionaries in the restaurant industry brought it to life. almost everybody that works around knows danny meyer. so much great restaurants and so much great food as we start to penetrate the rest of the country and globally, we need to bring the story to life. it's about the quality of the ingredients. it's about what makes us different. we are tied to the idea that danny brought to life of enlightened hospitality. it's not just about the food. it's about the experience. that experience is an outcome of creating a great environment but also taking care of the

team members and making sure they treat our guests like family. that is really what the roots of shake shack is. >> one of the things i should have known but i don't get around enough, there are cities in america that have very few shake shacks. >> we have about 330. there's another group of licensed shacks at the air ports -- but we are just starting on our journey. we have a lot of great opportunities to go to places like omaha, nebraska, and boise, idaho. they don't have access except when they come on vacation. we do a lot of business in new york and california where people are vacationing. they love shake shack and them when they go home they can't get it. >> you come from a background where you know international restaurants. are you in every large city in europe? >> we are in about 25 countries.

asia is great. in the middle east we work with one of the largest franchises. >> they are great. >> i got to spend some time with mohammed and john that were in town. great partners for us. we are in the uk but continental europe has been wide open. randy was really choice will on the partners he chose which is why we have such great partners across the world. now is our opportunity to leverage that and start opening up new markets and bring shake shack to a lot more company -- countries. >> at the same time you want to do some things that have not been done. it just has not happened yet. what are some of the things we will start to see when we go to a shake shack that is run by rob lynch. >> we are exploring new

formats. as we enter new markets we need to offer convenience and service and speed to customers. drive-through is a big part so we are going to do drive throughs, looking at other formats for delivery is a bigger part of the business. that operating model needs to evolve. we need to be faster. part of the holistic hospitality in delivering a great experience is the great food but also the convenience. it needs to be easy to get in and out and it needs to be fast. we are working on that. we will not only drive more sales but also create repeat business as customers are happy with the experience. >> we also like limited time only offers. there is another place to go for chicken but they are not open on sunday. >> they have great chicken six days of the week but on sunday we want you to come to shake shack. a lot of people don't even know

that we have a chicken sandwich. it is absolutely the best in the industry. chicken sundays is a playful way for us to introduce that to a lot of people. we do give a little bit of a buy one, get one on sundays but a lot of people are becoming aware that we have a great chicken sandwich and that value creation will be long- term. >> i understood the food supply situation which can be there by the grace of god, where are we in terms of food and supply? >> we make everything fresh to order. our shakes are made out of custard. we make it fresh. every burger is made when you order it. we handbreadth the chicken on the line. everything is coming in. we have to be really choice full with our ingredients. we don't have anything sitting there on the shelf. we focus really hard on making

sure we have the best suppliers , the first supplier of beef. we have our own proprietary blend that he helped build. all of our supply chain has to be top-notch. >> it is hard to imagine, but i have known danny for probably 40 years. there's a lot of people out there watching who have never been to a shake shack. >> that is true. we need to change that. >> you are going to get the job done. this quarter belonged to rob lynch that is now the ceo. thank you. mad money is back after the break. looking for a perfect fit in an uncertain market? cramer tries vf corporation on for size , next.

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monday night we got a phenomenal quarter from vf corp. . you may know them as fans, dickies, timberland and more. management held an investor event. we had a chance to sit down with the president and ceo bracken darrell. >> i was worried and then you turned around logitech. i know you don't want to hear

>> i'm in heaven here. i'm surrounded by an amazing brand an incredible opportunity. >> you are laying things out. you have not laid it out but you did make it clear in a series of what i regarded as very candid comments, if we say it we do it. what did you say and what have you done? >> what we said was we were going to bring down the debt level by selling some assets. we said we would sell a brand asset and we did. we said we would sell some assets. we sold some planes and real estate. we sold supreme which was fantastic in the portfolio. we took it down by millions of dollars a what we've been saying we have been doing.

>> that matters because one of the things you have is talking about a compelling value proposition. you were trading significantly off historic highs. i thought this was incredible. the operating income was at historic lows when you came in. >> i think anytime you are lucky enough like i have been a few times to be brought into a turnaround the temptation is to look at the short-term and say we can flip this really quick. i have learned that the real secret is to think long-term. the opportunity is to really dramatically improve the operating margins. the cool thing, the really big opportunity and the reason that i'm here is long-term, strong profitable growth. >> i remembered when we first interviewed you with logitech which was a spectacular run, everything excited you. when i hear you now you talk

about how much you like the timberland boot and you were so excited about dickies. >> i will give you a thing because my parents were from the fashion industry. what are you doing charging half when it's better than those that are charging whole. i look at dickies and then i go to carhart. years are the same but they are half-price. >> to answer your question, one of the reasons i came to this company, i came here because i did not want to be in luxury. i wanted to be in products you can sell to everybody. i grew up in kentucky with a single mom. i love this world where you walk in the street and see people wearing your stuff. you don't have to walk to the high-end fashion mall. i feel so at home here. >> i want to get your impression of my impression.

i go to europe and all i ever see is north face. i go to the nicest street in berlin and they are lining up from north face. the last eight conference calls before you got here i never heard north face. how is that possible? >> it's a phenomenal brand. we performed very well in europe. not as well here. we will change that. i think at the end of the day we are running a different operating model in the rest of the world than the u.s. that made us bureaucratic and slow and not as effective. now we have brought the european operating model into america and we will get the mojo here. >> where do we want to be? how much online, how much brick and mortar, how much walmart. we both know it's not the walmart people think it is. how

much costco, how much everybody else? >> the underlying principle of all of this is we want to sell where people are buying and where people come to shop. we love the retailers that are multibrand retailers because who is coming in. when you go there you are thinking i want this category. you have to be there with great product and great marketing. when people are loving those brands we want to be there. we want to be in all of those places and let the consumer decide. >> i believe the positioning of global brands, you are an inventor. i've never seen you, and my showing not have seven new things i've just gotten. i still wear the earbuds which are better than somebody else's. >> the crazy fun thing about

this industry is there so many things you can create. in one year this has become the number two shoe sold for vans. it is the new school. bands is going to be strong. >> i go into footlocker and put mikey on that and it's a $250 you. what are you going for? >> as much as $129-$149. we have a lot of rough side pricing but we are also available in meat and potato pricing. you have louis vuitton and your vans shoes. this is the world we are in. >> i see them with the air

force ones and the tuxedo. >> he should be wearing fans or timberland for sure. >> we will call him after this. already you are blowing it away. i thought you would need a year and then the stock would go to 12. you are already at the launch. what is next? >> as i said in the beginning the one thing i have learned to really turn around a business you should be thinking long term. otherwise everything you do just comes undone. we are changing almost every variable inside the company and synchronizing. it will start to click as the years go by and over time we will become a growth company. >> as it fun? >> it is incredibly fun. i am having a ball. we have great people inside and we are bringing great people from outside. >> it's so terrific to see you

from an iconic company i have loved. where we go and we fight over the pair of jeans and a cardboard box. they are still in my closet. i am so thrilled you are here. coming up, cramer takes your calls and it's a lot -- fast fire lightning round.

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lightning round is sponsored by charles schwab, trade brilliantly. it is time for the lightning round. you tell me the stock and i say

buy, buy, buy or sell, sell, sell. you hear this sound and the lightning round is over. let's start with eric in new jersey. >> booyah , jim. shout out to my family in north carolina. i am calling in about a stock. it has traded sideways the last couple months after a nice run up. they report quarterly results on monday. on january 30 we will hear results from the fda on the nonaddictive opioid that they are developing. just wondering your thoughts. >> i am looking forward to those results because what would it look like to have a painkiller that is not addictive. fantastic on cystic fibrosis. i think it should be taught maybe even aggressively. let's go to dave in illinois.

>> i am on and oil rig anchored offshore. >> i am a commander fan. >> they deserve to win. let's talk about futures this company slogan is where risk meets opportunity. of course i am talking about cme group. they have beat earnings for the last several years. >> i've always wondered why they have a 22 multiple. it's one of the consistent great companies. i think you are right. i'm glad you brought it to our attention. it's a strong buy. it's only three points off of its high as always. once again, dave always delivering. he was right about what should

have happened sunday. let's go to jonathan in pennsylvania. >> booyah. i have learned so much from your books. it really helped me with the emotional part of investing. i had a lot of moments that i can't take anymore. it has really helped me with that. >> people should read it. i still get some residuals but i reveal myself as a complete lunatic. what are your thoughts about t. rowe price. >> i don't understand why it's only 4% yield. i think it is such a great company. there is something to be said for these asset managers that do a good job. they are one of them. let's go to lewis in florida. >> jimmy.

>> enough with the selling of m u. eight ladies and gentlemen that is the conclusion of the lightning round. >> lightning round is sponsored by charles schwab. coming up there's nothing super about supermicro. cramer tackles the tumble, next.

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getting there starts here.

back in the late 90s during my hedge fund days, i owned stock in a company called

cendant. one day in 1993 we found out it was a complete fraud overstating profits by hundreds of millions of dollars. it was one of the largest frauds in history at the time. i found out when i was on vacation with my family. this was one of the many times my business wrecked my real vacation. when they first got the call, as the rally toward the end of the day i never wanted to hear about it again see it again. not because i hated it but because i had a cardinal rule. accounting irregularities equal sell. in 40 years of investing that has saved me fortunes. it's never too late to sell the

company with accounting irregularities which brings me to supermicro companies. supermicro has been one of the great rocket ships. it was added to the s&p 500 in march and was the best performing stock in the benchmark index. on august 22 hindenburg research measured studies, did a very measured piece of this company that was entitled supermicro, fresh evidence of accounting manipulation, sibling self- dealing and sanctions evasion at this a.i. high flyer. it was scathing. it was clear that they had irregular accounting practices. when the report came out they had lost more than half of the value so maybe they figured it would be a buy and not a cell but you would be wrong. today we learned that outside

auditor decided they can no longer audit the company. they said, we are resigning due to the information that has recently come to our attention that has caused us to no longer be able to rely on management and to be unwilling to be associated with the financial statements. then they go on to explain, we can no longer provide audit services in accordance with applicable law or professional obligations. that is about the most damning statement you will ever see. things are not super. the stock dropped like a rock. i don't know if they are guilty or innocent but i know when an accounting firm, frankly a fantastic accounting firm accuses regularities that is enough for me. you do not need to own

supermicro. if i owned it for the travel trust, thank heavens i don't. i would have looked at the posted i have on the computer accounting irregularities equal sell and i would reject the position. giving firms with suspect accounting the benefit of the doubt is not worth the risk. there's always a bull market somewhere. i'm jim cramer, see you tomorrow. rk tank." ♪♪ rk tank." to the dreaded parking ticket. ♪♪ my name is david hegarty, and i'm from san francisco, california. my company is fixed, and we are seeking a $700,000 investment for 5% equity stake.