Costco (COST) - Get Costco Wholesale Corporation Report reported adjusted earnings of $3.76 per share on revenue of $61.44 billion, marking a 17.5% year over year increase and exceeding analyst estimates.
Comparable sales for the quarter rose 9.4% company wide with a 10.3% increase in the U.S. and a 6.7% increase in Canada.
The bad news? Even Costco isn't immune to the recent supply chain shortages. The retail warned that it will limiting purchases of some items including toilet paper, paper towels and bottled water amid an "uptick in Delta-related demand," citing two to three-week delays on some deliveries.
Despite the potential supply chain headwinds, Jim Cramer broke down why he loves the stock and the company in the video above.
Recap TheStreet Live: Everything Jim Cramer Is Watching 9/24/21
Costco is a holding in Jim Cramer's Action Alerts PLUS charitable portfolio.