Cramer's Hot Stock for 2013
When Cramer asked Mad Money viewers to submit questions for Whole Foods co-CEO Walter Robb ahead of an interview, the recurring theme was "why isn't there a store closer to me."
People want to shop at Whole Foods.
In response Robb told Cramer that the company is expanding quickly. Currently Whole Foods has between 300 to 400 stores.
"But 1,000 isn't out of the question," added Cramer.
Robb revealed on Mad Money that, in fact, the big theme for 2013 at Whole Foods will be growth.
"We signed 74 leases in the last 12 months, we opened 7 stores last quarter and we plan to open 11 more this quarter — we are growing — we are accelerating," Robb said.
Cramer likes the story.
The upscale grocery store has become all but synonymous with one of the hottest trends in food merchandising — organic.
And the strategy has paid off. The latest numbers appear encouraging.
In November, when the company last reported earnings, fiscal fourth-quarter earnings excluding items rose to 60 cents per share from 42 cents a share in the year-earlier period.
Revenue increased 23 percent to $2.9 billion from $2.35 billion a year ago.
Although shares have flat-lined recently, Cramer isn't worried.
"They posted strong same store sales and offered a $2 special dividend," he said.
But on top of that, "Whole Foods is a trendsetter, that's why I think the stock could go higher," he said.
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