Conagra Brands, Inc. (CAG) Just Isn't Clicking With Young People, Says Jim Cramer

We recently published 10 Latest Stocks Jim Cramer Discussed Amidst Market Uncertainty. Conagra Brands, Inc. (NYSE:CAG) is one of the stocks Jim Cramer recently discussed.

Conagra Brands, Inc. (NYSE:CAG) is another embattled consumer packaged goods company. Its shares have lost 32% year-to-date as the firm struggles with disappointing earnings. Conagra Brands, Inc. (NYSE:CAG)’s stock has touched decade lows this year, with a notable dip coming in July after the firm’s fiscal fourth quarter earnings missed analyst revenue and earnings estimates. Cramer’s previous comment about the firm pointed out that inflation, margins, and tin cans are driving its woes. This time he discussed Conagra Brands, Inc. (NYSE:CAG) in the context of low demand from young people:

“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. . . .People don’t go to the middle of the store anymore. Cause it’s canned. Even Conagra they thought that refrigerated that the younger people would want that. They don’t want it either. They want the clean and pure.

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

Previously, Cramer discussed Conagra Brands, Inc. (NYSE:CAG)’s business in detail. Here is what he said:

“Very tough, very tough situation. Conagra’s got 7% inflation. They got problem with tin cans. They can’t, it’s killing them… The margins aren’t that good. The brands aren’t enabling them to be able to take any price. I have to tell you, the one thing that was important was that, on the conference call, they did say that they think they have no problem paying the dividend. A company that has to answer about whether it has a problem paying the dividend or not is a company that I say [don’t buy, don’t buy, don’t buy].”

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