Coca-Cola impressed analysts with a strong first-quarter performance, exceeding earnings per share expectations and raising its full-year outlook. Cramer praised the company’s solid quarter and noted that the industry rivalry between Coca-Cola and PepsiCo has subsided. He recommended Coca-Cola as a worthwhile investment.
McDonald’s, on the other hand, reported weaker-than-expected quarterly comparable sales and earnings per share, citing the impact of boycotts in the Middle East. While acknowledging the boycott’s influence, Cramer criticized McDonald’s for excessive price increases, particularly for low-income customers.
3M delivered a better-than-expected first quarter, with improved margins compared to the previous year. Cramer attributed this success to Mike Roman’s leadership in resolving legal issues related to Combat Arms earplugs and contaminated water cases. With Roman’s retirement, William Brown, the former CEO of L3Harris, takes the helm.
PayPal reported positive quarterly results, surpassing expectations and raising guidance. Cramer commended the new CEO, Alex Chriss, for managing expectations and demonstrating strong leadership.
Walmart announced the closure of its health center and telehealth business due to increasing costs and challenges with reimbursements. Cramer praised Walmart’s ability to quickly adapt and move on from unsuccessful ventures. However, he warned that this news could have negative implications for CVS and Walgreens.
