Cramer on Kroger: 'Death Star' Amazon wasn't going to 'wreck' its margins immediately

Cramer on Kroger: 'Death Star' Amazon wasn't going to 'wreck' its margins immediately

7 years ago
Anonymous $ZOEEBQ1zf0

https://www.cnbc.com/2017/11/30/cramer-on-kroger-surge-amazon-wasnt-going-to-wreck-it-tomorrow.html

Kroger's quarterly earnings were "impressive," and show that pressure from Amazon wasn't going to deter major grocery chains immediately, CNBC's Jim Cramer said Thursday.

Shares of Kroger were more than 9 percent higher Thursday, trading around $26.70, after the company reported higher-than-expected fiscal third-quarter earnings and upbeat same-store sales. The company said aggressive discounting lured more customers to its stores.