Jim Cramer Just Listened To The 'Most Frightening' Conference Call Ever

Jim Cramer is a conference call aficionado and on Tuesday talked about the "most frightening" conference call he has ever listed to: SYSCO Corporation SYY.

Sysco, the national distributor of food and and products to the food-service industry reported that it earned $0.67 per share in its fiscal first quarter on revenue of $14 billion. Wall Street analysts were expecting the company to earn $0.58 per share on revenue of $13.88 billion.

Despite a beat on the top and bottom line and the stock hitting a new 52-week high of $54.66 on Tuesday, Cramer highlighted Sysco's negative tone during the conference call: people stopped going out to eat.

Sysco's sales in its U.S. Foodservice Operations totaled $9.481 billion in the quarter, which is lower than the $10.195 billion seen in the prior quarter. CEO William DeLaney even said during the call that the restaurant industry is "not currently experiencing [the same level] of growth we've seen in recent quarters."

Cramer reinforced DeLaney's sentiments and stated that consumers simply aren't choosing one restaurant over another - they just aren't going out at all.

Many retailers and restaurant chains are blaming their poor sales on the U.S. election. Perhaps they're right after all?