Costco Wholesale Corporation (COST)’s Tomatoes Will Go Up In Price, Says Jim Cramer

We recently published Jim Cramer Recently Discussed These 11 Stocks & Said The Robots Are Coming. Costco Wholesale Corporation (NASDAQ:COST) is one of the stocks Jim Cramer recently discussed.

Costco Wholesale Corporation (NASDAQ:COST) is another favorite Jim Cramer retail stock. Like its peer Walmart, Cramer believes that the firm can and is taking a proactive approach when it comes to lowering prices for inflation-ridden consumers. Costco Wholesale Corporation (NASDAQ:COST)’s shares have gained 7.9% year-to-date as the firm’s scale has created a sense of safety among investors, even as they fret about the state of the US economy and the consumer. In his previous remarks, Cramer praised the firm’s consistent earnings and its persistence with initiatives once they are launched. This time around, he remarked on Costco Wholesale Corporation (NASDAQ:COST)’s ability to lower prices:

“I think that when it comes to inflation. . .Costco. . .they are with the people.”

“Right well I mean Costco’s tomatoes are from, they are famously from Mexico, not the Florida tomatoes that I could hit you with and you would fracture your skull. And those are going to go up in price, what can they do. But they’ll shift things around.”

Costco Wholesale Corporation (COST)'s Tomatoes Will Go Up In Price, Says Jim Cramer

A customer in a warehouse aisles, browsing the wide range of branded and private-label products.

Cramer discussed Costco Wholesale Corporation (NASDAQ:COST)’s intensity in an earlier appearance. Here is what he said:

“Costco’s very, I am friendly with Richard Galanti, the former CFO. And one of the things that Costco did was say, I don’t know do we really have to do this [get into eCommerce]? And, then they realized they had to do it. And once they went in, I mean they come out guns blazing. I mean they’re a little like Apple in that sense. Like we don’t necessarily have to be first but we’re gonna be the best. And Costco’s model is so perfect for this, they are gonna have, I think they’re gonna pass on what they can. But remember, their model is volume.”

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READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.