Shares of AutoZone Inc. sank 6.4% toward a 7-month low in premarket trading Wednesday, in the wake of a disappointing earnings report from rival auto parts...
Shares of AutoZone Inc. AZO sank 6.4% toward a 7-month low in premarket trading Wednesday, in the wake of a disappointing earnings report from rival auto parts seller Advance Auto Parts Inc. AAP, which included cuts to its full-year guidance and its dividend amid a competitive pricing environment. AutoZone had reported last week a quarterly profit beat but sales that missed, citing weaker-than-expected March sales.
4% toward a 7-month low in premarket trading Wednesday, in the wake of a disappointing earnings report from rival auto parts seller Advance Auto Parts Inc. AAP , which included cuts to its full-year guidance and its dividend amid a competitive pricing environment. AutoZone had reported last week a quarterly profit beat but sales that missed, citing weaker-than-expected March sales.
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