Whole Foods reported a nearly 6 percent increase in first quarter profits, beating Wall Street expectations. TheStreet’s Jim Cramer says Whole Foods is back. Cramer explains that within one quarter the upscale grocery chain has accelerated its growth, it has made it a point to cater to an increasingly tech savvy shopper, becoming the #1 user of Apple Pay, and it has remodeled stores, which helps the numbers go up. Earnings for the retailer of natural and organic foods came in at $0.46 a share — that’s up 10 percent from a year earlier while revenue climbed to a record $4.6 billion. Jim Cramer believes the stock will reach the $60 range.
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source
