Whole Foods on verge of turnaround, says Jim Cramer

Cramer's Mad Dash: Whole Foods refresh
Cramer's Mad Dash: Whole Foods refresh   

It seems Whole Foods checked off everything on its shopping list, because "it all came together in one quarter" for the organic grocer, CNBC's Jim Cramer said Thursday.


A Whole Foods Market is shown in the Brooklyn borough of New York.
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A Whole Foods Market is shown in the Brooklyn borough of New York.

The grocery store chain, which specializes in natural and organic foods, posted a 3-cent beat on Wednesday, with profit of 35 cents per share. It also delivered a 3.1 percent rise in same-store sales and increased its market share, too.

Read MoreWhole Foods 4Q profit tops expectations

To Cramer, the strong results signal the start of a turnaround.

"I'm telling you they're in Canaan. Jordan River," he said, making a biblical reference, on "Squawk on the Street." "Now I have to tell you that this is a very important story because everyone went negative on this, so you're beginning to get the warm-ups."

Whole Foods shares were up nearly 10 percent in midmorning trading Thursday.

Disclosure: When this story was published, Cramer's charitable trust did not own Whole Foods.

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