The J. M. Smucker Company (SJM) Just Has A Bad Hand, Says Jim Cramer

We recently published 10 Latest Stocks Jim Cramer Discussed Amidst Market Uncertainty. The J. M. Smucker Company (NYSE:SJM) is one of the stocks Jim Cramer recently discussed.

The J. M. Smucker Company (NYSE:SJM) has been a regular feature of Cramer’s morning show lately. The firm’s shares dipped by 4% in August following its first-quarter earnings. The results were part of a disappointing set of results from food companies. In his previous comments, Cramer has attributed the poor performance of the sector to weight loss drugs and lower overall consumer spending. This time, he discussed The J. M. Smucker Company (NYSE:SJM) in the context of the “curse” surrounding consumer packaged goods:

“. . .but in the end they caught up with the curse of consumer packaged goods and where they were in the grocery store. If you go, if you stroll the grocery store which you have to do, you see the Craft, and you see the Jello, and the Oscar Mayers, and they’re all in the middle, with the exception of Lunchables which is the end cap. I don’t see anything here. Look, we saw the same thing with the food part of Smucker, which is, just it’s, Hormel, middle of the store. People don’t go to the middle of the store anymore. Cause it’s canned.

“I don’t know, I feel badly about, these guys are really good, okay. I think their hand is bad.”

Pixabay/Public Domain

Previously, he discussed The J. M. Smucker Company (NYSE:SJM)’s poor performance and linked it to pricing pressure:

“It’s pricing pressure. I mean when I looked at that number yesterday from Smucker, and I liked what they’re doing to pet food. I like Cafe Bustello, but David, in the end, Twinkies, no pricing power. Uh uh. Not in the year of GLP-1. Right.”

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Disclosure: None. This article is originally published at Insider Monkey.