The Kroger Co. (KR) “Had A Very Good Number,” Says Jim Cramer

We recently published 13 Latest Stocks on Jim Cramer’s Radar. The Kroger Co. (NYSE:KR) is one of the stocks Jim Cramer recently discussed.

Cramer previously discussed The Kroger Co. (NYSE:KR) last week when he commented that he liked the firm because it has been able to keep prices low for consumers. The CNBC TV host has gushed about Costco throughout this year due to the mega-retailer’s ability to give customers the best prices for their products. His recent comments about The Kroger Co. (NYSE:KR)  were made before the firm’s second-quarter earnings report. The results saw the firm raise the lower end of its full-year profit per share guidance to $4.7 from an earlier $4.6 and full-year same-store sales growth guidance to 2.7% to 3.4% from the earlier 2.25% to 3.25%. Here is what Cramer said:

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“I’m talking about Kroger. It had a very good number. One of the things that I think that people forget, is that there are brick-and-mortar companies that know how to do the food business. And one of the reasons why they forget David is that there’s a lot of talk about Amazon. And the Amazon initiative and how big it’s going to be. So I think that you’re going to see, let’s say the American people are going to be treated to both Kroger and Amazon delivering goods. I don’t know who wins. . .”

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