Jim Cramer Says He Would "Rather Own Gummies Than" Diageo

Diageo plc (NYSE:DEO) is one of the stocks Jim Cramer shared his thoughts on. A caller inquired after Cramer’s thoughts on the company, and he replied:

“Oh, okay, you came to the right guy because I’ve been in the bar business, the restaurant business, and the liquor business. I gotta tell you, they all stink. The problem is this: If you’re looking at the alcohol business, the GLP-1s, the new generation of people actually care about their health and wellness, and getting fat. Well, alcohol’s got all three. And don’t forget gummies. Gummies.. very heavy competition. I’d rather own gummies than… Diageo. There, that’s a statement.”

Diageo (NYSE:DEO) produces, markets, and sells a wide range of alcoholic beverages, including whisky, vodka, gin, rum, tequila, liqueurs, beer, and ready-to-drink products under various global and regional brand names. Moreover, the company provides non-alcoholic alternatives across its portfolio.

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