HomeLifestyleFood & BeverageKroger (KR) Beat Q1 Earnings, But CFRA Has Sell Rating
Kroger (KR) Beat Q1 Earnings, But CFRA Has Sell Rating

Kroger (KR) beat on the top and bottom line for Q1, raised their guidance, and announced a $1B share buyback, says Arun Sundaram of CFRA Research. Normally this would show a pop in the stock, but it is trading flattish now. He thinks it was a Covid play, and will have a hard time comparing to last year's sales. CFRA has a sell rating on Kroger with a price target of $31.

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