Why is AutoZone down over 10% today?
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Why is AutoZone down over 10% today?
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AutoZone posted earnings this morning — and low consumer confidence might actually be their secret weapon. Here's why. 📈 $AZO 📊 Revenue up 8.4% to $4.8B 💰 EPS of $38.07 — beat estimates by over a dollar on EPS 🌎 International same-store sales up 1.6% 🔧 When people can't afford new cars, they repair old ones — and AutoZone wins generally. But they missed on revenue thanks to slower than expected international growth and the stock is down over 10% today. #stockmarket #autozone #investing #fin
2:39
AutoZone posted earnings this morning — and low consumer confidence might actually be their secret weapon. Here's why. 📈 $AZO 📊 Revenue up 8.4% to $4.8B 💰 EPS of $38.07 — beat estimates by over a dollar on EPS 🌎 International same-store sales up 1.6% 🔧 When people can't afford new cars, they repair old ones — and AutoZone wins generally. But they missed on revenue thanks to slower than expected international growth and the stock is down over 10% today. #stockmarket #autozone #investing #fin
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