Is it still time to bet on bulk mustard?
The wholesale retailer reported earnings per share of $1.90, which beat expectations, but revenue came in lower than expected. Net sales came in at $32.24 billion, with Costco citing the later Thanksgiving holiday and its now infamous Thanksgiving Day website shutdown.
Cramer said when it comes to Costco, it’s crucial to tune out the noise and focus on a “beautiful” set of numbers.
When it comes to the current retail environment, Cramer said Costco has what it takes to succeed. “They have scale and they get a lot more done than a regular retailer,” Cramer said.
Read Cramer’s full take on Costco in his latest column on Real Money.
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