Reported 2 days ago
Jim Cramer expressed strong disapproval of J. M. Smucker's recent quarterly report, describing it as 'horrendous.' He highlighted the negative effects of the company's acquisition of Hostess Brands, particularly given the declining popularity of products like Twinkies and HoHos amid rising consumer preference for weight loss drugs. Following the report, Smucker's stock fell over 15%, with analysts issuing critical assessments of the company's future prospects.
Source: YAHOO