Skip to main content

Shares of Kraft Heinz (KHC) - Get Kraft Heinz Company Report are up over 5% Thursday after the food company reported "remarkable" earnings, Jim Cramer said on CNBC's "Stop Trading" segment.

"They did a terrific job," added Cramer, the co-manager of the Action Alerts PLUS portfolio, which holds this stock. He said that, believe it or not, organic growth of 1% is actually "quite good." 

Cramer wasn't expecting much this quarter after the food product giant reported "extremely disappointing" results in the prior quarter. Cramer was "concerned they would blow it again." That's why this quarter was such a pleasant surprise at a time when other food companies are struggling.

TheStreet Recommends

Ironically, two companies on the other end of the spectrum from Kraft Heinz -- organic food companies Hain Celestial (HAIN) - Get Hain Celestial Group, Inc. Report and Whole Foods Market (WFM)  -- have been turning things around recently, too. 

Image placeholder title

At the time of publication, Cramer's Action Alerts PLUS had a position in KHC.