Jim Cramer on Kroger's Disappointing Quarterly Results
Jim Cramer says there's a big price war going on, especially since Walmart, Target and Amazon's move into the food space.
TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer said there's a big price war going on, especially since Walmart (WMT) - Get Report , Target (TGT) - Get Report and Amazon's (AMZN) - Get Report move into the food space. 'The supermarket chains did not see this coming and they're going to have to make some changes,' Cramer said. Kroger (KR) - Get Report lowered its full-year guidance on Friday.
At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.
