Along with currency fluctuations, one thing that really stuck out was China, TheStreet's Jim Cramer, co-portfolio manager of the Action Alerts PLUS portfolio, said on CNBC's "Mad Dash" segment.
Chinese consumers are changing their consumption patterns, and Hershey doesn't yet have a large presence in China's high-end chocolate market, he said.
While management blamed macro economic weakness for the disappointment, Cramer said he's not buying that reasoning. He believes it has more to do with the long-term shift in Chinese consumption.
"I happen to like this company very much," Cramer said, but the slowdown in used-car sales is concerning. Investors need clarity on this situation, which is dragging the stock lower, he added.
Auto part suppliers look more attractive, given the strength of the current auto market, Cramer concluded.