1 00:00:02,520 --> 00:00:10,440 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers podcast, 2 00:00:10,800 --> 00:00:14,040 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:14,240 --> 00:00:18,160 Speaker 1: harnessing the power of Bloomberg data. Let's take a look 4 00:00:18,160 --> 00:00:19,599 Speaker 1: at some of the stocks on the move today. 5 00:00:19,600 --> 00:00:22,200 Speaker 2: I'm Paul Studios, Michael Reagan, and we're joined by bloomberg'st 6 00:00:22,239 --> 00:00:23,759 Speaker 2: Least my tay it all right, So I want to 7 00:00:23,760 --> 00:00:27,680 Speaker 2: start with shares of gunmaker Smith and Wesson. That's ticker SWBI. 8 00:00:27,880 --> 00:00:31,200 Speaker 2: Their shares have been down as much as nineteen percent. 9 00:00:31,320 --> 00:00:34,480 Speaker 2: It's saying thirteen percent after the close yesterday. It's really 10 00:00:34,479 --> 00:00:37,320 Speaker 2: looking at another challenging year. Right, Customers have been cutting 11 00:00:37,320 --> 00:00:40,960 Speaker 2: back there spending on firearms. It posted lower quarterly profit 12 00:00:41,040 --> 00:00:43,960 Speaker 2: in sales some of the specifics. So it posted profit 13 00:00:44,000 --> 00:00:46,680 Speaker 2: of eight point six million compared with twenty seven point 14 00:00:46,760 --> 00:00:49,599 Speaker 2: three million a year earlier. So that's a big difference. 15 00:00:49,880 --> 00:00:53,000 Speaker 2: And it also pointed in factors like inflation, interest rates. 16 00:00:53,040 --> 00:00:56,040 Speaker 2: It said tariffs on steel could drive up their costs. 17 00:00:56,400 --> 00:00:59,600 Speaker 2: And it's CFO really put into perspectives that the company 18 00:00:59,640 --> 00:01:02,440 Speaker 2: expects demand for firearms and fiscal twenty twenty six to 19 00:01:02,480 --> 00:01:05,360 Speaker 2: be similar to what they saw in fiscal twenty twenty five. 20 00:01:06,000 --> 00:01:09,640 Speaker 2: Management didn't provide any guidance because of uncertainty with tariffs. 21 00:01:09,800 --> 00:01:12,840 Speaker 2: But what it's doing differently to deal with the slower demand, 22 00:01:12,920 --> 00:01:16,240 Speaker 2: and that is it's limiting its inventory. So its CEO said, 23 00:01:16,360 --> 00:01:20,039 Speaker 2: several market smaller on firearm manufacturers, they're also struggling to 24 00:01:20,040 --> 00:01:23,679 Speaker 2: stay afloat because of the slowing demand, and they're also 25 00:01:23,680 --> 00:01:24,959 Speaker 2: starting to exit the market too. 26 00:01:25,440 --> 00:01:27,280 Speaker 1: I thought this was a bigger company market cap of 27 00:01:27,319 --> 00:01:29,119 Speaker 1: only three hundred and eighty seven million dollars. 28 00:01:29,120 --> 00:01:31,920 Speaker 2: Okay, I got it. Maryville, Tennessee is where they're based, 29 00:01:32,000 --> 00:01:33,120 Speaker 2: fifteen hundred employees. 30 00:01:33,520 --> 00:01:34,080 Speaker 1: What else you got? 31 00:01:34,120 --> 00:01:36,560 Speaker 2: All right, so we got Kroger that's the nation's largest 32 00:01:36,560 --> 00:01:40,720 Speaker 2: supermarket operator. Yes, ticker k r IT shares rose more 33 00:01:40,720 --> 00:01:43,039 Speaker 2: than eight percent. That's actually the highest intra day since 34 00:01:43,160 --> 00:01:46,560 Speaker 2: March of twenty twenty four. Reported a beat on sales, 35 00:01:46,640 --> 00:01:50,400 Speaker 2: steady grocery spending, comparable sales when you take fuel kind 36 00:01:50,400 --> 00:01:52,600 Speaker 2: of out of the picture. It rose three point two percent. 37 00:01:52,680 --> 00:01:55,480 Speaker 2: That was better than what Wall Street expected. They also 38 00:01:55,560 --> 00:01:57,520 Speaker 2: raised full of your sales guidance. They said it saw 39 00:01:57,600 --> 00:02:00,200 Speaker 2: one hundred million dollar impairment charge that was due to 40 00:02:00,240 --> 00:02:02,800 Speaker 2: its plans to close about sixty stores over the next 41 00:02:02,800 --> 00:02:04,720 Speaker 2: eighteen months, so they do plan to close some stores 42 00:02:05,400 --> 00:02:06,840 Speaker 2: when it comes to tariffs. They said, you know what, 43 00:02:06,920 --> 00:02:08,560 Speaker 2: it's not going to bother us too much because a 44 00:02:08,560 --> 00:02:12,360 Speaker 2: big part of our products are sourced domestically. But it 45 00:02:12,480 --> 00:02:14,799 Speaker 2: still faces a few challenges, Paul, I know, this is 46 00:02:14,840 --> 00:02:17,200 Speaker 2: one that you've talked about. Shoppers kind of buying the 47 00:02:17,280 --> 00:02:19,320 Speaker 2: cheaper products, you know, like going in the stars. 48 00:02:19,639 --> 00:02:20,520 Speaker 1: Yeah, going to. 49 00:02:20,639 --> 00:02:23,720 Speaker 2: The cheaper products, or they're getting more items on sale too, 50 00:02:24,200 --> 00:02:26,560 Speaker 2: and it really needs to spark growth because it had 51 00:02:26,560 --> 00:02:29,160 Speaker 2: that failed deal with Albertson, so that it's also dealing 52 00:02:29,240 --> 00:02:30,240 Speaker 2: with that too on top of it. 53 00:02:31,280 --> 00:02:33,040 Speaker 1: But they're not They're not around here, are they. They're 54 00:02:33,040 --> 00:02:36,440 Speaker 1: not in the Jersey area, Rover, We're not too much. 55 00:02:36,480 --> 00:02:38,000 Speaker 2: But if you look at shares, like for other ones 56 00:02:38,040 --> 00:02:40,120 Speaker 2: that are in the area, like a Walmart and a Costco, 57 00:02:40,160 --> 00:02:42,400 Speaker 2: their shares are higher too because of this news. 58 00:02:42,400 --> 00:02:43,079 Speaker 1: Interesting all right. 59 00:02:43,600 --> 00:02:47,600 Speaker 2: And then finally is Building Products Distributor GMS. It's ticker, Yes, GMS. 60 00:02:48,000 --> 00:02:50,200 Speaker 2: It's shares are up as much as twenty five cents, 61 00:02:50,240 --> 00:02:52,920 Speaker 2: so really sparking the reason why it's this Wall Street 62 00:02:52,960 --> 00:02:55,720 Speaker 2: Journal report that Home Depot made an offer for the company, 63 00:02:56,000 --> 00:02:58,960 Speaker 2: no word on the price, and that would possibly set 64 00:02:59,000 --> 00:03:03,000 Speaker 2: off this bidding war with QXO because they offered to 65 00:03:03,000 --> 00:03:06,040 Speaker 2: buy a GMS for about five billion dollars earlier this week, 66 00:03:06,040 --> 00:03:09,120 Speaker 2: and GMS said its board is reviewing that offer from QXO. 67 00:03:09,840 --> 00:03:12,360 Speaker 2: But the big appeal with GMS, like what's so appealing 68 00:03:12,400 --> 00:03:15,000 Speaker 2: about it is that home Depot in QXO, they're they're 69 00:03:15,000 --> 00:03:18,600 Speaker 2: looking to expand right their share for market construction supplies 70 00:03:18,600 --> 00:03:20,800 Speaker 2: and tools, and they're hoping that that bigger entity like 71 00:03:20,880 --> 00:03:23,440 Speaker 2: GMS is going to help pull in business for more 72 00:03:23,480 --> 00:03:26,080 Speaker 2: contractors and that's what they're needing. So QXO they're up 73 00:03:26,120 --> 00:03:28,440 Speaker 2: about five percent. Home Depot has been up as much 74 00:03:28,440 --> 00:03:29,600 Speaker 2: as half a percent. 75 00:03:30,880 --> 00:03:35,000 Speaker 1: The Stock Movers podcast from Bloomberg Radio. Check back with 76 00:03:35,080 --> 00:03:37,840 Speaker 1: us throughout the day for the latest roundup of companies 77 00:03:37,880 --> 00:03:40,920 Speaker 1: making news on Wall Street and for the latest market 78 00:03:40,960 --> 00:03:45,320 Speaker 1: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 79 00:03:45,360 --> 00:03:48,600 Speaker 1: Bloomberg dot com, and on Applecarplay and Android Auto with 80 00:03:48,680 --> 00:03:50,160 Speaker 1: the Bloomberg Business app.