Cramer explains why food delivery stocks are doing well even as consumers rebel against inflation

CNBC's Jim Cramer on Thursday told investors food delivery isn't a habit consumers want to break, even as they feel the weight of inflation.

He looked at the recent successful quarters from DoorDash, Uber and Instacart-parent Maplebear, saying people seem more willing to spend on these services than other luxuries.on Thursday analyzed why food delivery companies are seeing success while many of their consumer discretionary peers suffer as consumers continue to feel the burden of. He said delivery is a habit consumers don't want to break, and they seem more willing to spend on these services than other luxuries.

"People seem to see delivery as a necessity rather than something discretionary, which is why these companies can put up great numbers when the restaurants are struggling," Cramer said.

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Cramer explains why food delivery stocks are doing well even as consumers rebel against inflation'DoorDash and Uber Eats and Instacart can only put up numbers like these because food delivery has become a calcified habit for so many consumers,' Cramer said.
Source: CNBC - 🏆 12. / 72 Read more »