Kroger beats expectations, raises guidance; CarMax sees jump in retail used car sales

From Yahoo Finance: 2025-06-20 11:55:00

Kroger was the top-performing stock in the S&P 500, beating profit and same-store sales expectations, leading to a raised same-store sales guidance due to increased sales in pharmacy, fresh food, and e-commerce.

CarMax shares soared as revenue from retail used car sales saw a significant jump.

Smith & Wesson warned of a slowdown in sales due to consumer reluctance to spend on discretionary items amidst macroeconomic conditions.

The market was cautious as U.S. equities were mixed due to ongoing fighting between Israel and Iran. Nasdaq fell, Dow Jones rose, and S&P 500 remained relatively unchanged.

Amazon shares dipped after a British regulator looked into claims of late payments to food suppliers. Oil and gold futures dropped, while the dollar fluctuated against major currencies. Trading in cryptocurrencies mostly saw a decline.



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