Stock Movers Smith & Wesson Down; Kroger Sales Beat; GMS Jumps
Jun 20, 2025
Smith & Wesson struggles after missing earnings estimates, causing their stock to tumble. In contrast, Kroger surprises analysts with a sales increase, raising full-year guidance amid ongoing consumer spending. GMS sees a surge in shares thanks to acquisition rumors, with Home Depot reportedly making an offer that may ignite a bidding war. The podcast dives into these market movements and what they reveal about consumer behavior and corporate strategies.
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Smith & Wesson's Challenging Outlook
- Smith & Wesson saw a sharp drop in profit from $27.3 million to $8.6 million year-over-year.
- They expect firearm demand in fiscal 2026 to mirror fiscal 2025 and are limiting inventory amid uncertainty.
Kroger Beats Sales Expectations
- Kroger's comparable sales excluding fuel rose 3.2%, beating expectations and prompting a raise in full-year sales guidance.
- Despite facing challenges, it benefits from mainly domestic sourcing which reduces tariff impact.
GMS Acquisition Sparks Bidding War
- GMS shares rose due to a potential acquisition by Home Depot, competing with a $5 billion offer from QXO.
- Home Depot and QXO aim to expand market share in construction supplies by acquiring GMS.