Kroger expected weakest sales and profit growth of the year, focusing on e-commerce fulfillment and price cuts to compete with Amazon/Walmart. CarMax earnings expected down 30% YoY as used car sales reflect consumer strain. DraftKings seen as clearest World Cup betting winner but depends on converting the event into new users without excessive promotions.
Kroger set for weakest sales and profit growth of the year. Same-store sales growth expected lowest since August 2024. Focus on e-commerce fulfillment through Instacart, DoorDash, Uber Eats.
Nathan Hager
CarMax earnings Wednesday - how's the car market?
Judy Lru
CarMax adjusted EPS expected 97 cents, down 30% YoY. Revenue expected slightly lower. Used car sales reflect consumer strain, affordability issues, and auto credit conditions. Investors looking for evidence the worst is stabilizing.
Nathan Hager
DraftKings and the World Cup - will investors get a payoff?
Judy Lru
Depends on whether the World Cup brings more bettors, dollars wagered, or repeat customers. Key is whether DraftKings can turn the event into new users without spending too much on promotions. Bernstein analyst called DraftKings the clearest prediction market sports betting winner.
