We recently published 12 Stocks Jim Cramer Discussed As He Said “Pilots Are Too Expensive”. The Coca-Cola Company (NYSE:KO) is one of the stocks Jim Cramer recently discussed.
The Coca-Cola Company’s shares have lost 2.5% since the firm reported its earnings. The results saw its 87 cents in EPS and $12.62 billion in revenue beat analyst estimates. However, President Trump’s assertion that The Coca-Cola Company use cane sugar in its products led to investor worries about higher costs. Cramer commented on cane sugar and The Coca-Cola Company:
“There’s going to be cane sugar, everywhere. You’d be able to get it. . .the President likes it. He’s in charge, the President.
“Well I just think that Coca-Cola was actually a good quarter. That was it perfect? No. They have a problem, look everyone, they have a problem with aluminum. They have a problem, David. They have a tariff problem.
“When I go to a bar in San Miguel, we would serve Coca-Cola, we’d bang them for eight bucks. I mean people really wanted that stuff. Uh, but it tastes very sweet. And it’s natural. And they’ve always been able to supply here. So it’s not going to be a big problem for Quincey.
“This is another thing that James is really, really good at. Was it a blowout quarter that I’m used to? No. There were some regions that were weaker. And that was, that was hard.
“James Quincy did not pull a rabbit out of the hat. He’s got tariff problems and he didn’t have growth in certain regions and I don’t think he was consumed by sugarcane but it certainly, hit him.”
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
This article is originally published at Insider Monkey.
