The results were slightly better than expected, although the company's same-store sales are still somewhat lackluster, TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, said on CNBC's "Mad Dash" segment.
But "don't go nuts" about this stock, Cramer said. It was an OK quarter, not a great one.
Cramer said it is more important that co-CEO Walter Robb is stepping down. Robb is a "fantastic" executive, Cramer said, but perhaps he and the company felt the dual CEO structure was no longer appropriate.
Whole Foods can find success if it continues to cut costs and improve its same-store sales results, something that has been tough given all the competition in the space.
Cramer said he likes Kroger (KR) in the low $30s, especially after the company reaffirmed its guidance.