AutoZone Stock Tumbles Despite Wall Street Wins

AutoZone saw its worst trading day in four years on May 27, with trading on May 28 also beginning with further slight losses to share price. The news comes despite the retailer delivering beats on both EPS ($38.07 for the quarter, versus $36.28 expected) and revenue ($4.84 billion against $4.83 billion anticipated), with a sales slowdown attributed to weather patterns being blamed (more).