Cramer Says the Snack Business Is Bad. Mondelez and Smucker Did Not Get the Message.

Jim Cramer described Campbell’s snack quarter as a “nightmare” and warned the broader snack category is broken. However, other packaged-food peers reported comparatively better results and raised their dividends, using the payout increases as a signal of resilience. Net takeaway is mixed demand/earnings momentum across the category rather than a clear directional setup.