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AutoZone Stock Slumps After Q3, Blames 'Timing Of Tax Refunds'

AutoZone, Inc. (NYSE:AZO) shares are trading lower on Tuesday. The company reported third-quarter earnings per share of $36.69, beating the street view of $36.20. Quarterly revenues of $4.235 billion (+3.5% year over year) missed the analyst consensus of $4.298 billion. AutoZone said its third-quarter total company same-store sales increased 0.9%, while domestic sales were flat. “Domestically, our sales performance was negatively impacted at the start of the quarter due to the timing of tax refunds while the cooler than usual weather across several areas of the ...