Kroger shares jumped 11% Thursday, after the company's strong sales numbers indicated that stay-at-home food trends are sticking.
"An awful lot of customers learned how to cook and they really enjoy it," he said Thursday on CNBC's "." "What they're telling us is they like to eat healthy and they feel like they can eat healthier by cooking at home. They also like to show off their new skills."
Kroger's third-quarter results surprised some investors and indicated that consumers may keep loading up the fridge. The company said it earned 78 cents per share, excluding items, on revenue of $31.86 billion in the fiscal third quarter ended Nov. 6. On average, analysts projected Kroger would earn 66 cents per share on revenue of $31.23 billion, according to Refinitiv.
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